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Nintendo Expects to Sell 15 Mn Switch Consoles this Year

This photo taken on May 8, 2023 shows the logo for Japanese gaming giant Nintendo at the company's official store in Tokyo's Shibuya district. (Photo by Richard A. Brooks / AFP)
This photo taken on May 8, 2023 shows the logo for Japanese gaming giant Nintendo at the company's official store in Tokyo's Shibuya district. (Photo by Richard A. Brooks / AFP)
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Nintendo Expects to Sell 15 Mn Switch Consoles this Year

This photo taken on May 8, 2023 shows the logo for Japanese gaming giant Nintendo at the company's official store in Tokyo's Shibuya district. (Photo by Richard A. Brooks / AFP)
This photo taken on May 8, 2023 shows the logo for Japanese gaming giant Nintendo at the company's official store in Tokyo's Shibuya district. (Photo by Richard A. Brooks / AFP)

Japan's Nintendo Co Ltd on Tuesday said it expects to sell 15 million Switch game consoles in the financial year to end-March 2024, compared with 17.97 million the previous year.

The Kyoto-based gaming firm posted operating profit of 504.38 billion yen ($3.73 billion) in the year ended on March 31, beating estimates, compared with profit of 592.76 billion yen a year earlier.

Nintendo is facing slowing demand for its aging Switch console in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup.

On Friday Nintendo launches "The Legend of Zelda: Tears of the Kingdom", one of the most widely anticipated games of the year, Reuters reported.

The robust appeal of Nintendo's roster of characters has been underscored in recent weeks by the box office success of "The Super Mario Bros. Movie".

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New Nvidia AI Chips Face Issue with Overheating Servers, The Information Reports

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo
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New Nvidia AI Chips Face Issue with Overheating Servers, The Information Reports

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo

Nvidia's new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some customers to worry they will not have enough time to get new data centers up and running, the Information reported on Sunday.
The Blackwell graphics processing units overheat when connected together in the customized server racks the company has designed, the report said, citing sources familiar with the issue, Reuters reported.
The AI chipmaker has asked its suppliers to change the design of the racks several times to resolve overheating problems, according to Nvidia employees who have been working on the issue, as well as customers and suppliers with knowledge of it, the report said without naming the suppliers.
Nvidia did not immediately respond to a request for comment outside regular business hours.
Nvidia unveiled Blackwell chips in March and had earlier said they would ship in the second quarter before encountering delays, potentially affecting customers such as Meta Platforms , Alphabet's Google and Microsoft.
Nvidia's Blackwell chip takes two squares of silicon the size of the company's previous offering and binds them into a single component that is 30 times speedier at tasks like providing responses from chatbots.