Nintendo President Shuntaro Furukawa said that company won’t be able to meet Switch demand this holiday. The reason of this sad news is mentioned to be the shortage in semiconductor supply.

Furukawa said “We can’t produce enough to meet the demand we are expecting during the upcoming holiday season, currently there is no sign of improvement and the situation continues to be severe so I can’t say how long it will continue.”

During Q2, it was revealed that Nintendo also cut its full year sales by 6 percent due to this shortage. Switch has shipped 92.87 million units since its launch in March 2017, up 3.83 million units since June 30th.

This aforementioned Q2 report also revealed that the same period last year had 32 percent more profit, but annual forecast was raised by 4 percent to a total of 520 billion yen. Full revenue forecast is yet to be revealed.

While the hardware target was cut, Switch software forecast was increased to 200 million units based on the performance of first half. During this time, company also mentioned “Animal Crossing” as one of the key drivers in recent sales.

Furukawa concluded “So compared to the same period of last year, unit sales have declined for both hardware and software. As a result, hardware sales totaled 8.28 million units (a decrease of 34.0% year-on-year), and software sales totaled 93.89 million units (a decrease of 6.3% year-on-year).”