EntertainmentGamesNintendo Switch manufacturing partner reports supply chain struggles

Nintendo Switch manufacturing partner reports supply chain struggles


- Advertisment -spot_imgspot_imgspot_imgspot_img

If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Platform holder’s major assembler Hosiden Corp withdrew sales forecasts, citing difficulties securing parts

A key manufacturing partner for Nintendo Switch revealed it is having issues procuring components.

Bloomberg reported that Osaka-based Hosiden Corp retracted its previously issued fiscal year sales forecast via a filing sent to the Tokyo Stock Exchange yesterday.

The company said a mix of currency volatility and uncertaining over the procurement of semiconductors means it is now unable to offer a reasonable projection for the full financial year.

According to company documents seen by Bloomberg, Hosiden generates more than half of its revenue through its partnership with Nintendo on producing the Switch. The firm’s struggles suggest Switch production may be falling behind.

Nintendo declined to comment to Bloomberg.

The platform holder is due to announce its results for the first quarter of its fiscal year on Wednesday, August 3, which may show whether Hosiden’s troubles are having an impact.

In its most recent financial results, Nintendo cited the semiconductor shortage as a key factor in its 26% year-on-year decline in Switch sales.

At the time, the company forecast that it would still sell 21 million Switch units by March 31, 2023, although this made it the second year in a row that Nintendo expected to sell fewer consoles.

GamesIndustry.biz logo


Subscribe to GamesIndustry.biz newsletters for the latest industry news.

Sign up using a ReedPop ID account.

GI Daily

A roundup of the day’s most popular articles.

GI Market Report

Analysis and data about the global games industry.

More News

  • StreamElements State of the Stream June 2022

  • Two sets of hands holding Steam Decks

  • Image for Government blocks Krafton's India-only version of PUBG

  • Ashraf Ismail

Latest Articles

  • StreamElements State of the Stream June 2022

  • Two sets of hands holding Steam Decks

  • Mark Zuckerberg using a Meta VR headset

  • Image for Xbox revenues slide as 2022’s sparse release schedule bites | Opinion

Read More

Latest news

Why Steve Martin Might Retire After Only Murders in the Building

Only Murders in the Building Stars Talk Show's Growing SuccessSteve Martin is ready to sit back and kick up...

Taylor Swift Says She Had Never Heard of 3LW Before “Shake It Off” Lawsuit

Amid a copyright lawsuit from two songwriters accusing Taylor Swift of stealing lyrics from 3LW's "Playas Gon' Play," the...

Inside Kylie Jenner’s Intimate Birthday Trip With Kim Kardashian and Kendall Jenner

Kylie Jenner Shares Glimpse Into 25th Birthday BrunchKylie Jenner had her girls by her side as she rang in...

Jon Hamm Joins The Morning Show Cast For Season 3

In season three of The Morning Show, Jon Hamm joins Reese Witherspoon, Jennifer Aniston and Billy Crudup on the...
- Advertisement -spot_imgspot_imgspot_imgspot_img

New Bachelor in Paradise Key Art Teases a NSFW Season 8

The eighth season of Bachelor in Paradise is changing the way we think about pool floats forever. Check out...

Millie Bobby Brown Details “Unhealthy” Romance With Hunter Ecimovic

Millie Bobby Brown Wants Fans to Know She's Growing UpMillie Bobby Brown is looking back on the past after...

Must read

DAILY DRIVE PODCAST: August 10, 2022

Breadcrumb Home Weekend Drive Podcast CHIPS Act becomes law, eye-popping EV registration...

Canada’s Unifor union elects Lana Payne president

Lana Payne has been elected as the new national...

Maserati to offer 10-year sports car powertrain warranties

Maserati will sell warranty coverage as long as 10...

Solera Auto Finance breaks 2,000-dealer mark

Solera Auto Finance focuses on near-prime and subprime used-vehicle...
- Advertisement -spot_imgspot_imgspot_img

You might also likeRELATED
Recommended to you