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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/8\/3\/23290085\/nintendo-switch-q1-2023-earnings-sales-software-hardware-down-semiconductor-shortage<\/a> Nintendo continues to struggle to hit its Switch production targets as a result of the global chip shortage, which contributed to a near 23 percent decline in console sales to 3.43 million in the three months ending June 30th, the company reported today<\/a>. <\/p>\n Sales of the standard Nintendo Switch were down 60 percent to 1.32 million units in the quarter, while sales of the Switch Lite were down nearly 50 percent to 0.59 million. The Switch OLED, which only went on sale last October, made up some of the shortfall with 1.52 million units sold. Software sales were also down by 8.6 percent to a little under 41.5 million units. The company still expects to sell 21 million consoles throughout the course of its year ending March 2023.<\/p>\n \u201cProduction was impacted by factors such as the global shortage of semiconductor components, resulting in a decrease in hardware shipments and subsequent decline in overall sales,\u201d Nintendo said in its earnings release. It said it expects chip procurement to \u201cgradually improve from late summer towards autumn.\u201d<\/p>\n
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