Nov 4, 2021
Nintendo warns chip shortage will hit Switch sales
A number of other companies have been predicting supply issues. Simon Segars, chief executive of chip design firm Arm, told a conference the mismatch between supply and demand is "The most extreme" he has ever seen, with the wait for chip supplies taking up to 60 weeks. In September, Microsoft gaming boss Phil Spencer said that short supply of next generation consoles was due to many issues - not just a chip shortage - and would continue beyond Christmas. Apple CEO Tim Cook recently told investors that "Larger than expected supply constraints" in the three months to September, had cost the company $6bn in lost sales. An ample supply of chips will not come until well into 2023, perpetuating the electronic supply chain for another two years or so.
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