Nintendo to make 20% fewer switch consoles because of chip shortage -Nikkei

TOKYO, Nov 2 (Reuters) - Nintendo Co. (7974.T) will make 20% fewer Switch games consoles than planned in the year to March 31 because of shortages of semiconductors and other components, the Nikkei business daily reported.

Switch production for the business year will be around 24 million units, the paper reported, without saying where it obtained the information.

"The supply and demand of semiconductor parts is tight, and is affecting Switch production. We are assessing the impact," a Nintendo spokesperson said when asked about the report.

Nintendo last month launched an upgraded Switch to extend the life of the aging device, but chip shortages are throwing the production plans of global electronic makers into disarray.

Automakers too are struggling with chip supply chain disruptions caused by the COVID-19 pandemic, forcing them to curtail output by hundreds of thousands of vehicles.

Nintendo will report its earnings for the three months ending Sept. 30 on Thursday.

Reporting by Tim Kelly and Sam Nussey, Editing by Louise Heavens Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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