Nintendo nearly doubled its full-year profit forecast Monday as it pointed to sizzling sales of its Switch games console and a cheaper yen for the upbeat outlook. The Kyoto-based video game giant said it now expects net profit to be 85 billion yen for the fiscal year to…
Nintendo nearly doubled its full-year profit forecast Monday as it pointed to sizzling sales of its Switch games console and a cheaper yen for the upbeat outlook.
The Kyoto-based video game giant said it now expects net profit to be 85 billion yen for the fiscal year to March 2018, well up from an earlier estimate of 45 billion yen.
Nintendo also boosted its sales projection for Switch, which was launched in March with a price tag of US$300 and is seen as a new pillar for the company’s earnings.
The company said it expects to sell around 14 million Switch consoles in the current business year, up from an earlier 10 million forecast.
