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Sony, Nintendo expect lower profits amid supply chain constraints

Shortage of parts and China lockdowns are key challenges this year

Nintendo and Sony are struggling with supply chain constraints. (Source photos by Tomoki Mera and Tetsuya Kitayama) 

TOKYO -- Sony and Nintendo, two leaders in the gaming industry, on Tuesday projected lower profits for the current fiscal year as supply chain constraints, in part due to China's COVID-19 lockdowns, continue to weigh on global businesses.

Sony Group said it expects a 6% decline in net profit at 830 billion yen ($6.3 billion) for the fiscal year ending March 2023. Nintendo expects an even bigger year-on-year fall, of 29%, in its net profit to 340 billion yen.

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