Nintendo president says there’s no end to the chip shortage

According to VCG, Nintendo’s president said global chip shortages will continue to hamper the company’s Switch production efforts for the foreseeable future. “There is no end to the semiconductor shortage at this time,” president Shuntaro Furukawa said on May 10, when the company reported financial results for the year ended March 31, 2022.

Nintendo president says chip shortage shows no sign of ending VCG

Nintendo sold 23.06 million Switch consoles in the past 12 months, down 20% from the year before when the console peaked at 28.83 million. The company is expected to ship 21 million Switch units before the end of the current fiscal year in March 2023, a number that will be down 9.8% from 2022 and down 37% from 2021.

Nintendo also forecast a 29% drop in net profit for the current financial year to 340 billion yen ($2.6 billion) and a 6% drop in revenue to 1.6 trillion yen ($12.3 billion). And now, the number of orders for the full life of the Switch has reached 107.65 million units.

This month, Intel executives also warned that the current global shortage of semiconductors is likely to last until 2024.

Although Xbox Series X and PS5 have been released for almost 18 months, both continue to experience supply problems due to chip shortages, however recently Microsoft consoles have announced stable availability. than the Sony side.