Chips are down for gaming console maker

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Chips are down for gaming console maker

After a gaming boom brought on by Covid-19, Nintendo expects to sell 11% fewer devices

Sam Nussey

Japan’s Nintendo Co Ltd has forecast that annual Switch console sales to fall 11.5%, in what would be the first decline for the five-year-old device after riding a pandemic-induced boom in home gaming.

The Kyoto-based firm expects to sell 25.5 million units in the business year that started on April 1. That would compare with 28.8 million a year earlier after booking an 82% rise in operating profit at $5.9bn (about R83bn).

Announcing the figures, Nintendo president Shuntaro Furukawa also said a shortage of chips, which has affected electronics makers worldwide, was affecting production and adding to uncertainty...

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