Nintendo hikes full-year profit forecast to $2.8bn

Japanese gaming giant's upbeat target follows record half-year earnings

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Sales of Nintendo's Switch console have fallen from the peak reached several years ago. © Reuters

NATSUMI KAWASAKI, Nikkei staff writer

TOKYO -- Nintendo boosted its full-year profit forecast to 420 billion yen ($2.8 billion) as the gaming giant posted record first-half earnings Tuesday on the back of upbeat Switch console sales.

The Japanese company's revised forecast came as net profit for the April-September period hit 271 billion yen, up 18% from a year ago, with revenue rising 21% to 796 billion yen. Switch sales came in at 6.8 million units, up 2.4% from the same six months the year before, it said. 

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