Nintendo boosts Switch sales forecast as shortage eases

The Japanese video game company is taking your love of Mario straight to the bank.

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Roger Cheng (he/him/his) was the executive editor in charge of CNET News, managing everything from daily breaking news to in-depth investigative packages. Prior to this, he was on the telecommunications beat and wrote for Dow Jones Newswires and The Wall Street Journal for nearly a decade and got his start writing and laying out pages at a local paper in Southern California. He's a devoted Trojan alum and thinks sleep is the perfect -- if unattainable -- hobby for a parent.
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  • SABEW Best in Business 2011 Award for Breaking News Coverage, Eddie Award in 2020 for 5G coverage, runner-up National Arts & Entertainment Journalism Award for culture analysis.
Roger Cheng

The new Super Mario game has folks considering the Nintendo Switch.


What Nintendo supply shortage?

The Japanese video game maker on Monday released its six-month financial results for the period that ended Sept. 30, 2017, and it's sitting pretty. The company boosted the sales forecast of its Nintendo Switch console to 14 million units for the full fiscal year, up from earlier guidance of 10 million, as supply shortages begin to ease. The company has sold 7.6 million units in its life. 

Nintendo swung to a six-month profit of 69.6 billion yen ($613.8 million) from a loss a year ago. More importantly, it nearly doubled its forecast for full-year profit to 125 billion yen ($1.1 billion). 

The company is riding high on the success of the convertible console, which works as both a home video game system and a game machine you can take on the go. Thanks to titles like Zelda: Breath of the Wild and Super Mario Odyssey, the Switch is expected to be a hot item again this holiday shopping season.

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