Nintendo Co warns chip crunch might hit Switch
Bloomberg
Nintendo Co’s earnings beat estimates after hit games such as Monster Hunter Rise propped up sales of the Switch, but yesterday warned that global chip shortages might disrupt production of its marquee device.
Nintendo’s better-than-expected results suggest that the COVID-19 boom in gaming that turned Animal Crossing into the world’s online town hall has legs.
The Kyoto-based studio reported operating income of ¥119.5 billion (US$1.1 billion) for the March quarter, trouncing the average forecast of ¥68.3 billion.
A man walks past shelves of Nintendo video games and accessories at the gaming section of a shop in Tokyo yesterday.