Nintendo shares sink 10% as gaming giant faces memory shortage concerns
Ana Maria Rus
Nintendo shares plunged more than 10% on Wednesday as the gaming giant faces headwinds from an unprecedented memory shortage, and missed market estimates for quarterly revenue on Tuesday. The company beat profit estimates though, clocking a 24% jump year on year, bolstered by sales of its Nintendo Switch — now the company's best selling console ever following its release in 2017. Revenue rose 86%. Nintendo is facing several headwinds this year, including a shortage in memory chips — a key
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