Nintendo hiked its annual net profit forecast by more than 40 percent Wednesday after its popular Switch console flew off shelves during the holiday season, fuelled by a cheaper yen. The Kyoto-based video game giant said it now expects annual net profit of 120 billion yen ($1.1 billion),
Nintendo hiked its annual net profit forecast by more than 40 percent Wednesday after its popular Switch console flew off shelves during the holiday season, fuelled by a cheaper yen.
The Kyoto-based video game giant said it now expects annual net profit of 120 billion yen ($1.1 billion), a 41.2% rise from the previous forecast issued in October, while also raising its annual sales and operating profit projections.
Nintendo now expects to sell 15 million Switch units by March, an increase of one million from the previous forecast — which was already an upgrade from an earlier projection to sell as many as 10 million units.
