Nintendo Forecasts Profit Surge as New Games Drive Wii U
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Nintendo Co., the world’s biggest maker of video-game machines, forecast a surge in profit as the yen slides and the company accelerates new game releases to drive sales of Wii U consoles and 3DS hand-held players.
Net income will rise to 55 billion yen ($553 million) in the 12 months ending March 31 from 7.1 billion yen a year earlier, the “Super Mario” creator said yesterday in a statement. The forecast compares with the 50.8 billion-yen average of 19 analyst estimates compiled by Bloomberg.