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Friday, January 21, 2022

Chip shortage set to mar gaming shopping, US companies reeling under tremendous pressure to deliver Consoles on time | Technology News

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New Delhi: 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.

The scarcity of consoles was further highlighted when US-based YouTuber and content creator Jack Randall urged users to watch his livestream on YouTube and asked them to start refreshing Walmart’s website. The users even purchased all video game consoles from the retail giant’s sites and the stock was sold out within less than an hour.

The continuous global chip shortage has made hard to purchase not just Sony and Microsoft’s next-gen consoles 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.

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.

With IANS Inputs

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