Nintendo upgraded its full-year net profit forecast on Thursday despite a weaker performance in the first half as the coronavirus lockdown-fuelled global gaming boom slowed.
The Japanese gaming giant now projects net profit at 350 billion yen for the year to March 2022, up from an earlier estimate of 340 billion yen.
The Kyoto-based firm's more optimistic outlook follows the October release of an upgraded model of its Switch console. For the six months to September, Nintendo's net profit dropped 19.4 percent to 171.8 billion yen -- still well up from 62 billion yen in April-September 2019. Nintendo had posted its highest ever annual profit in 2020-21, boosted by the runaway popularity of the Switch console and the family-friendly game"Animal Crossing".
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