Tag: Nintendo. company.  games

Nintendo ups profit forecast on strong Switch sales

TOKYO, Japan (AFP) — 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-percent rise from the previous forecast issued in October, while also raising its annual sales and operating profit projections. Nintendo now expects to sell 15 […]