OSAKA, April 27 Japan's Nintendo Co Ltd
said on Thursday it expects operating profit to jump 121 percent
in the year through March 2018, bolstered by strong demand for
its new Switch console.
Nintendo estimates profit to grow to 65 billion yen ($583.85
million) from 29.4 billion yen a year prior.
The outlook compared with the 103.67 billion yen average of
23 analyst estimates surveyed by Thomson Reuters I/B/E/S.
Kyoto-based Nintendo is aiming to sell 10 million Switch
consoles in the current financial year, on top of 2.7 million
units sold in March alone, the month of its global debut.
($1 = 111.3300 yen)
(Reporting by Makiko Yamazaki; Editing by Christopher Cushing)