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Nintendo cuts profit forecast despite Pokemon Go success

The maker of Super Mario games and the Wii U console said Wednesday that it booked a 62.7 billion yen (USD 601.7 million) gain in April-September from its sale of the Seattle Mariners Major League Baseball team.


Nintendo cuts profit forecast despite Pokemon Go success

Tokyo: Japanese video game maker Nintendo Co. has slashed its operating profit and sales forecasts for this fiscal year, despite the global success of "Pokemon Go."

That helped push its net profit in the half-year to 38.3 billion yen (USD 368 million), up 234 percent from the same period the year before.

The maker of Super Mario games and the Wii U console said Wednesday that it booked a 62.7 billion yen (USD 601.7 million) gain in April-September from its sale of the Seattle Mariners Major League Baseball team.

But Nintendo booked an operating loss of 5.95 billion yen (USD 57.1 million), compared with an operating profit of about 9 billion yen a year earlier.

Nintendo cut its full-year operating profit forecast to 30 billion yen (USD 288 million) from 45 billion yen.

 

From Zee News

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