Nintendo Sheds $14 Billion Value After Chip Squeeze Fears Grow
Nintendo Co.’s shares slid as much as 4.7% Wednesday to their lowest level since May, weighed down by concerns that the surging price of components including memory chips will erode its profit.The Kyoto-based gaming pioneer faces rapidly rising memory costs, which threaten to impair margins for its popular new Switch 2 console and potentially also curb market demand as accessory costs also rise. The price Nintendo has to pay for the 12GB RAM (random access memory) modules in the Switch 2 jumped ...
Read more at bloomberg.com