Nintendo raises profit forecast but cuts Switch sales outlook

Though Nintendo saw strong interest in its latest games during the pandemic, supply chain issues are affecting the sales of its Switch console. — AFP

Nintendo raised its full-year net profit forecast Thursday, citing strong performances by recent game releases, but it again cut its sales target for the Switch owing to global supply chain problems.

The Japanese giant posted its highest-ever annual profit in 2020-21, buoyed by a surge in interest as the coronavirus pandemic forced people to seek indoor entertainment.