SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Nintendo reportedly expects to sell fewer units of the Nintendo Switch this year. While its current-generation console remains popular among consumers, a new report says the company continues to face supply chain and logistics issues in meeting the demands.
Nikkei Asia says the Japanese video game giant anticipates selling around 20 million units of the Nintendo Switch in the current fiscal year. That figure is said to be 10 percent lower from last year when the company reportedly sold an estimated 23 million units of the hybrid portable console.
The same report noted that the trend appears to be continuing from the fiscal year 2020, when Nintendo sold a record of 28.83 million Nintendo Switch units. This time, Nikkei says Nintendo is facing a combination of problems in semiconductor shortage and logistical issues, with the latter being worsened by the ongoing war between Russia and Ukraine. Russian troops invaded Ukraine in late February, and Nintendo has been one of the hundreds of companies that suspended sales in Russia since early March.
The report also said the Nintendo Switch production has been affected by the new wave of strict lockdowns in Shanghai earlier this year. And if the COVID-19 restrictions in China were to continue, the expected Nintendo Switch sales could further decrease from the anticipated 20 million units.
Last year, Nintendo was heavily rumored to release its next-generation console with an upgraded chipset. However, the company only launched an OLED version of the existing Nintendo Switch with a few other improvements. It does not look like the next generation of Nintendo Switch will be released anytime soon, as Nintendo president Shuntaro Furukawa confirmed earlier this year that the current-generation hardware is still in the middle of its cycle.
As Nintendo navigates the ongoing semiconductor shortage and logistics issues, the company plans to make up for the lower hardware sales with the release of new games coming this year. Nintendo announced the new “Pokémon Scarlet” and “Pokémon Violet” last February, with a planned release date later this year. “Splatoon 3” is also scheduled to launch on Sept. 9. However, its much-awaited sequel to “Legend of Zelda: Breath of the Wild” has been delayed to spring 2023.
Photo by Erik Mclean on Unsplash
