The Switch is powering Nintendo toward a $1 billion profit
Things haven't been this good at Nintendo for a long time. The Japanese video game maker ramped up its sales and profit forecasts on Monday as consumers race to buy its latest console, the Switch. Nintendo (NTDOF) said it now expects operating profit for the current financial year of 120 billion yen ($1.06 billion), nearly double the 65 billion yen ($572 million) it predicted three months ago. That would be its best performance since 2010 when smash hit devices like the Wii and DS were still selling well.