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Media & Entertainment

Nintendo profit dragged down by chip crunch and waning COVID boom

Gaming giant cuts loss forecast but sees hard times ahead as production held up

Production of Nintendo's Switch console was hampered by the global chip shortage, weighing on the game company's net profit in the first half of the fiscal year. (Photo by Tomoki Mera)

TOKYO -- A global chip crunch, on top of slowing demand for games as COVID restrictions ease, has delivered a blow to Nintendo's profit as the company continues to struggle to churn out its Switch gaming console.

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