Nintendo Profits Soar on Blockbuster Switch 2 Sales, But AI-Driven Chip Crunch Casts Shadow
Nintendo's net profit surged over 50% in the first nine months of its fiscal year, fueled by the record-breaking launch of its Switch 2 console. However, the company faces mounting pressure from a global memory chip shortage, driven by intense demand for AI hardware, which threatens to increase manufacturing costs and potentially affect future pricing.