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Investing.com -- Nintendo, the Kyoto-based video game company, has forecasted that its operating profit will increase by 13% to 320 billion yen ($2.22 billion) in the fiscal year ending in March. The company is preparing for the launch of its new games console, the Switch 2, on June 5.
The Switch 2 is set to succeed the highly successful Switch console, which has sold over 150 million units since its launch in 2017. The original Switch turned around the fortunes of Nintendo after the Wii U did not meet sales expectations.
In addition to the new console, Nintendo predicts that it will sell 4.5 million units of the original Switch during the same period. The company also anticipates that Switch 2 software sales will reach 45 million units in the current financial year.
Nintendo confirmed that it would maintain the selling price at $449.99.
Despite diversifying into retail with its own stores, and licensing its characters for use in theme parks and films, Nintendo’s main source of revenue remains its console business.
For the fiscal year that ended in March, the company’s operating profit fell by 46.6% to 282.5 billion yen. Nintendo expects to sell 15 million units of the Switch 2 in the current financial year. The new console, which can be used both at home and on the go, will be launched with a range of titles, including "Mario Kart World".
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