Nintendo nearly doubles net profit forecast on Switch console

Nintendo nearly doubled its full-year profit forecast

Nintendo nearly doubled its full-year profit forecast Monday as it pointed to sizzling sales of its Switch games console and a cheaper yen.

The Kyoto-based videogame giant said it expected net profit to be 85 billion yen ($748 million) for the fiscal year to March 2018, well up from an earlier estimate of 45 billion yen.