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.
The Japanese gaming giant on Thursday reported a 19% decline to 172 billion yen ($1.5 billion) in net profit for the first half of this fiscal year from the same period a year ago on the back of a 19% drop in revenue to 624 billion yen.
