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Nintendo falls after issuing chip warning, conservative outlook

Norman Levine s Top Picks: May 7, 2021 Stocks notch all-time high after weak jobs data Dow average hits record before Friday’s jobs data No fear of missing out : Billionaire Michael Lee-Chin 50% in cash amid bubble concerns Kim Bolton s Top Picks: May 6, 2021 TMX trading drops in April by most since before pandemic Brooke Thackray s Top Picks: May 5, 2021 Tech leads stock losses as vaccine makers decline Brian Madden s Top Picks: May 4, 2021 Warren Buffett wants to make you happier, smarter and richer Brendan Caldwell s Top Picks: May 3, 2021 Stocks pare gains into close as Nasdaq 100 drops Chasing red-hot profit growth is a recipe for stock-market pain

Nintendo warns global chip shortage may hit Switch during gaming boom

Nintendo warns global chip shortage may hit Switch during gaming boom By Bloomberg By Takashi Mochizuki, Debby Wu Nintendo Co. s earnings beat estimates after hit games like Monster Hunter Rise propped up sales of the Switch, but the company warned that global chip shortages may disrupt production of its marquee device. It forecast 500 billion yen in operating profit this year, although Nintendo, like many Japanese companies, often begins the fiscal year with a conservative outlook so it has room to raise the figure later. The company is targeting sales of 25.5 million consoles in the current year ending March 2022. Internally, Nintendo s management is shooting for production of between 28 and 29 million consoles, according to people familiar with the projections who asked not to be named disclosing company targets.

Nintendo warns chip crunch may hit Switch during gaming boom

Norman Levine s Top Picks: May 7, 2021 Stocks notch all-time high after weak jobs data Dow average hits record before Friday’s jobs data No fear of missing out : Billionaire Michael Lee-Chin 50% in cash amid bubble concerns Kim Bolton s Top Picks: May 6, 2021 TMX trading drops in April by most since before pandemic Brooke Thackray s Top Picks: May 5, 2021 Tech leads stock losses as vaccine makers decline Brian Madden s Top Picks: May 4, 2021 Warren Buffett wants to make you happier, smarter and richer Brendan Caldwell s Top Picks: May 3, 2021 Stocks pare gains into close as Nasdaq 100 drops Chasing red-hot profit growth is a recipe for stock-market pain

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