Nintendo lifts annual profit forecasts on strong game sales

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Nintendo raised its annual net profit forecast on Tuesday after strong sales of its new 'Zelda' and 'Pikmin' games in the first half of the year.

People look at merchandise on display at a Nintendo store in central Tokyo on November 6, 2023. The Japanese gaming giant is expected to announce second quarter earnings on November 7.TOKYO – Nintendo raised its annual net profit forecast on Tuesday after strong sales of its new "Zelda" and "Pikmin" games in the first half of the year.

"The April release of 'The Super Mario Bros. Movie' positively impacted sales of Mario-related titles," the Kyoto-based firm added. Nintendo released "Pikmin 4", a popular game featuring plant-like creatures called Pikmin first published in 2001, on the Switch in July. "The Super Mario Bros. Movie" — a joint project of Universal, Nintendo and Illumination studios — is the second attempt to bring Mario to the big screen, after an ill-fated, live-action movie in 1993.

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