Nintendo Can’t Fulfil Switch Holiday Demand, Cuts Forecast on Chip Shortage

Nintendo Can’t Fulfil Switch Holiday Demand, Cuts Forecast on Chip Shortage
The Nintendo logo is displayed at the Nintendo Tokyo store, in Tokyo, Japan, on Nov. 19, 2019. Issei Kato/Reuters
Reuters
Updated:

TOKYO—Nintendo Co. Ltd. on Thursday cut its full year Switch sales forecast by 6 percent and said it is struggling to meet demand in the key year-end shopping season as chip shortages disrupt production of the hit device.

While many companies have warned of the risks posed by the global semiconductor shortage, most have stopped short of cutting targets. Toyota Motor Corp was also an exception on Thursday, cutting its vehicles sales outlook for the year to end-March.