Nintendo says chip shortage hitting hardware development

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The Nintendo logo is displayed astatine the Nintendo Tokyo store, successful Tokyo, Japan, Nov. 19, 2019. REUTERS/Issei Kato/File Photo

TOKYO, Nov 5 (Reuters) - Japan's Nintendo Co Ltd (7974.T) said connected Friday that a planetary spot shortage which forced the steadfast to standard backmost expectations for income of its deed Switch instrumentality is besides hitting hardware development.

"The semiconductor concern is having immoderate effect connected hardware development," Nintendo enforcement Ko Shiota, who heads the improvement team, told an expert briefing.

"We are looking astatine substituting components and tweaking designs to effort and trim the impact," helium added.

The comments travel a time aft institution president Shuntaro Furukawa said determination was nary motion of spot shortages easing arsenic Nintendo chopped its full-year Switch income forecast. work much

The Kyoto-based steadfast is heavy reliant connected its console concern astatine a clip erstwhile deep-pocketed rivals specified arsenic Microsoft (MSFT.O) are expanding subscription and unreality gaming services.

Nintendo connected Friday declined to remark connected plans for next-generation hardware but refers to an "integrated hardware-software adjacent gaming system" successful institution slides.

Reporting by Sam Nussey; Editing by Jacqueline Wong and Gerry Doyle

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