Nintendo expects to reach its highest earnings in seven years due to impressive Switch sales. The video games maker company doubled its full-year operating profit forecast on Monday after the console production and delivery issues were cleared out.
According to Reuters, the Switch demand nearly doubled Nintendos stock price to a nine-year high since the March launch of the console. Sales have exceeded the initial estimate and Switch is on track to surpass the Wii U lifetime sales.
Nintendo President Tatsumi Kimishima said at an earnings briefing that the company had boosted Switch production since it misjudged the demand.
Christmas will arrive in less than two months, and although the Japanese company is expecting another sale boost, Microsoft is also joining the race with the Xbox One X console that is supposed to arrive on November 7.