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Nintendo Cuts Switch OLED Production By 20%

Nintendo has cut its Switch OLED production by 20 per cent, with plans to produce 24 million consoles in the current fiscal year.

Demand remains strong for the new console, but like the latest PlayStation and Xbox consoles, semiconductor shortages are hampering production.

The company had planned to make 30 million during this financial year, a record production high for the company.

Semiconductor shortages also stifled the console’s launch weekend, with only 138,409 units sold compared to the 330,637 sold during the original Switch’s launch weekend in 2017.

Nintendo shares have dropped 24 per cent this year, as Switch supply, and sales, remain lower than expected.

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