Nintendo Co.’s stock rose by its most in six months after the company raised its Switch 2 outlook, a strong signal of confidence in the marquee console’s momentum ahead of the critical holiday season.
The Kyoto-based games pioneer now expects to sell 19 million units of the gadget by March next year, up from the original guidance of 15 million units. It also lifted its fiscal-year operating income forecast by 16% to ¥370 billion ($2.4 billion) after reporting results that beat expectations.