Technology
Nintendo issues gloomy outlook, warns of chip shortage – Sydney Morning Herald
Nintendo shares slid as it warned that component shortages could affect production and gave a conservative profit forecast for the year.
Nintendo shares slid as it warned that component shortages could affect production and gave a conservative profit forecast for the year, overshadowing better-than-expected earnings for the past quarter.
The Kyoto-based studio forecast a 22 per cent drop in operating profit in the current fiscal year, to 500 billion yen ($5.9 billion), significantly below analysts expectations. Nintendo, like many Japanese companies, often begins the year setting expectations low so it has room to upgrade its outlook…
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