Ko shiota, Japanese footballer

New Delhi, Nov 12 The ongoing global chip shortage and supply constraints are set to mar Christmas festivities for many tech firms, especially gaming ones, which are reeling under tremendous pressure to deliver products on time.It is not just Sony and Microsoft's next-gen consoles that could be hard to purchase but several tech companies are feeling the pinch.Japanese giant Nintendo has revised its Switch sales forecast for the fiscal year down by 1.5 million "due to the effects of the global semiconductor shortage".The company is "evaluating alternative components and reviewing our designs", according to Ko Shiota, GM of Nintendo's Technology Development Division.The gaming giant depends heavily on its console business, all the while deep-pocketed rivals such as Microsoft are expanding subscription and cloud gaming services.Nintendo further stated that it "plans to continue to expand its business around the core concept of creating unique integrated hardware-software products".Sony is reportedly struggling to make PlayStation 5 consoles and has lowered its production forecast for the current financial year.Valve's Steam Deck handheld gaming PC has been delayed by two months."We did our best to work around the global supply chain issues, but due to material shortages, components aren't reaching our manufacturing facilities in time for us to meet our initial launch dates," Valve said in a blog post on Thursday.According to a report in The Verge, Panic's Playdate handheld has been pushed from late 2021 to early 2022.The company said that "there are a number of other parts shortages we're trying to outsmart right now."Microsoft's Xbox chief Phil Spencer has already warned of ongoing shortages, saying that Xbox supply issues will last into 2022.Intel CEO Pat Gelsinger has said that the global chip shortage will linger for a lot longer, extending at least until 2023.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Ko ShiotaFOLLOW

Ko shiota, Latest News

Technology :Nintendo hacker settles Switch piracy lawsuit for $10mn in restitution

San Francisco, Dec 9 Gary Bowser, a member of a group of hackers called Team-Xecuter, has been ordered ... ...

Technology :Chip shortage set to mar your gaming shopping this Christmas

New Delhi, Nov 12 The ongoing global chip shortage and supply constraints are set to mar Christmas festivities ... ...