Nintendo Co yesterday said that shipments of its Switch console and related peripherals, such as Joy-Con controllers, have been delayed by the 2019 novel coronavirus outbreak in China.
The affected gadgets, including the Ring-Con required to play its popular Ring Fit Adventure, are made in China for Japanese customers, the Kyoto-based company said in a statement, without giving further details.
Shipments to the US and Europe would be unaffected, the company added.
Photo: AP
The company also said that it would delay taking domestic preorders for the Animal Crossing Switch bundle, though its March 20 release date would remain the same.
A Nintendo spokesman told Bloomberg News that the company could consider shipping hardware from its production site in Vietnam to Japan if the outbreak worsens.
The company is currently sending the majority of that inventory to the US.
Nintendo last week forecast full-year earnings that were short of expectations, sending its shares tumbling.
Analysts have expressed concern about Nintendo’s ability to keep Switch momentum going in a year when both Microsoft Corp and Sony Corp are planning to unveil new competing consoles.
The supply bottleneck also comes at an inopportune time for Nintendo, which was already struggling to keep up with Ring Fit Adventure demand in Japan.
The game, released on Oct. 18 last year, was the best-selling game in Japan last week, market researcher Famitsu said yesterday.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to