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Media & Entertainment

Nintendo lifts profit outlook again on strong year-end sales

Pandemic-fueled demand remains high for Switch and Animal Crossing

Nintendo's expectations for record earnings for the fiscal year ending March are supported by the popular Switch gaming console and titles such as Animal Crossing. (Photo by Ken Kobayashi)

TOKYO -- Nintendo raised its earnings forecast for the year ending March for the second time in three months and now expects a record net profit of 400 billion yen ($3.8 billion), the company said on Monday.

Supported by strong sales of its popular Switch gaming console and hit software titles like Animal Crossing: New Horizons, Nintendo now estimates its full-year net profit will rise 55% compared with a year ago.

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