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Nintendo lifts profit outlook on strong Switch console sales

Published Mon, Oct 30, 2017 · 09:50 PM

Tokyo

JAPANESE videogames maker Nintendo Co Ltd raised its full-year operating profit forecast on Monday as supply shortages on its new Switch games console began to ease.

Strong demand for the hybrid home-portable Switch console, following the flop of predecessor Wii U, has led to a near-doubling of Nintendo's stock price to nine-year highs since the device's March launch.

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Companies & Markets

Nintendo lifts profit outlook on strong Switch console sales

Consumer & Healthcare

Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too

Billionaire Geiger is said to near US$7 billion L’Occitane buyout

HCA beats first-quarter profit estimates on higher patient admissions

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

EU toughens rules on Chinese fashion retailer Shein

Best World under fire from shareholders at AGM over dividends, director salaries

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