Nintendo increases its financial forecast due to robust sales of its Switch gaming console and software titles.

Nintendo Boosts Fiscal-Year Earnings Forecast on Strong Switch Sales

In a recent announcement, Nintendo has raised its fiscal-year earnings forecasts, citing expectations of increased sales for its popular Switch console and software.

The Japanese gaming giant now expects to earn 1.2 trillion yen ($11.5 billion) in operating profit for the fiscal year ending in March, up from its previous forecast of 1.1 trillion yen. This would mark a 36% increase from the previous year and would be the highest profit for Nintendo in nine years.

The main driver behind this upward revision is the continued success of the Switch, which has been a hit with both casual and hardcore gamers since its launch in 2017. The hybrid console, which can be played both at home and on-the-go, has sold over 68 million units worldwide as of September 2020.

But it’s not just hardware sales that are boosting Nintendo’s earnings. The company also expects a surge in software sales, with popular titles such as Animal Crossing: New Horizons  

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