Tokyo — Nintendo nearly doubled its full-year profit forecast on Monday, pointing to sizzling sales of its Switch games console and a weaker yen. The Kyoto-based video game giant said it now expects a net profit of ¥85bn ($748m) for the year to March 2018, well up from an earlier estimate of ¥45bn, as it boosted its revenue and operating profit estimates. Nintendo also raised sales projections for Switch, which was launched in March with a price tag of $300 and is seen as a new pillar for the company’s earnings. It now expects to move about 14-million Switch consoles in the current business year, up from an earlier 10-million forecast. Switch, capable at home and on the go, blends Nintendo’s console and handheld device business with its fledgling mobile gaming strategy, which got a big brand win with Pokemon Go’s success in the summer of 2016. "Switch is in excellent shape as sales of both hardware and software are growing steadily," said Hideki Yasuda, an analyst at Ace Research In...
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