Nintendo Raises Outlook and Game Sales Target for the Year
- Company’s Switch hardware forecast still at 15 million units
- Game sales were up slightly in the September quarter
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Nintendo Co. raised its annual profit forecast though the outlook fell short of projections, reflecting uncertainty around game spending and a volatile yen.
The Kyoto-based entertainment company said it now expects operating income of ¥500 billion ($3.3 billion), up from ¥450 billion previously. It based its new guidance on a weaker yen value than previously, though it fell short of average analyst expectations of ¥529 billion. The company also said it expects to sell 5 million more copies of games, raising its forecast to 185 million.