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Hong Kong Two of the world's biggest video game companies are feeling the pressure as the console wars heat up.
Shares of Sony and Nintendo, the makers of the PlayStation and Switch respectively, stumbled Thursday as the two Japanese giants cut their forecasts for sales of the consoles. The fall comes as both companies grapple with the ongoing global chip shortage, and just weeks after Xbox-maker Microsoft announced plans to acquire Activision Blizzard in a blockbuster deal worth nearly $70 billion.Sony on Wednesday lowered its forecast for the popular PlayStation 5, saying it expected to sell 11.
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