Nintendo Switch sales slump on chip shortage

Japan’s Nintendo Co Ltd sold 23% fewer Switch consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday.

The Kyoto-based gaming company said it expected procurement to improve “from late summer towards autumn” and maintained its forecast to sell 21 million units in the year through end-March 2023.

“Demand remains stable in all regions,” Nintendo said in a presentation.

Nintendo, the company behind “Super Mario”, sold 3.43 million units of its Switch console in the quarter, down from from 4.45 million a year earlier. It sold 23.06 million units last year.