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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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