Nintendo Shares Lose After Cutting Switch Console Production Target By 20%

  • Nintendo Co Ltd NTDOF NTDOY will produce about 24 million units of its popular Switch game console in the fiscal year through March, 20% below an original plan Nikkei Asia reports.
  • The production was affected by the crisis of semiconductors and other electronic parts amid solid demand for Switch, including for its latest version released on October 8.
  • Nintendo initially aimed to produce 30 million Switch units to tap the pandemic triggered budding demand for computer games.
  • The emergence of production bottlenecks around springtime for critical components, including microcomputers, led to revising the production targets. 
  • Nintendo President Shuntaro Furukawa acknowledged the inability to manufacture their targeted console units.
  • Furukawa also admitted the robust demand for Switch. 
  • Retailers have had to ration sales of the latest version by using a lottery system. 
  • The supply crunch has left Switch with a 37% fall in sales to 214,000 units in September year-on-year, marking the third straight month of year-on-year declines.
  • Nintendo aimed to sell 25.5 million units in FY21 but missed the 28.83 million unit-benchmark sold in FY20, looking for a further drop. 
  • Price Action: NTDOY shares closed lower by 3.55% at $53.57 on Tuesday.

Posted In: BriefsNewsTechMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.