Nintendo lifts annual profit forecasts on strong game sales

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Japanese gaming giant Nintendo raised its annual forecasts on Tuesday after strong first-half sales of its new 'Zelda' and 'Mario' franchise games for the ageing Switch console.

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, Japan — Japanese gaming giant Nintendo raised its annual forecasts on Tuesday after strong first-half sales of its new "Zelda" and "Mario" franchise games for the ageing Switch console.

"The April release of 'The Super Mario Bros. Movie' positively impacted sales of Mario-related titles," the Kyoto-based firm added. "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.

It had sold 125 million copies worldwide since its first edition in 1986, before the latest one came out.Nintendo released "Pikmin 4", a popular game featuring plant-like creatures called Pikmin first published in 2001, on the Switch in July. The local stock market continued its rally for the third straight day as investor sentiment was boosted by favorable trade...

 

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