Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
Meizu 15 series Phones Unveiled With No Notches
LG CineBeam Laser 4K Beam Projector Available For Preorder
Semiconductor Revenue Grew in 2017 as Samsung Takes Over No. 1 Position
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Games > Nintend...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 27, 2016
Nintendo Reports First-quarter Loss


Nintendo reported an operating loss in the first quarter, hurt by unfavorable currency rates and slow software sales, although hopes for growth are running high on the worldwide success of Pokemon GO.

The firm's first game for smartphones was launched three weeks ago but has already been responsible for a rise of some 50 percent in the company's market value.

Nintendo posted an operating loss of 5.1 billion yen ($49 million) for the April-June quarter, versus a profit of 1.15 billion yen in the same period a year earlier.

Nintendo maintained its outlook for operating profit to climb 37 percent to 45 billion yen in the year ending March. Last week the company said that Pokemon GO would have a limited impact on earnings and that it did not plan to revise its targets for now. Its main source of Pokemon GO income is expected to come from its 32 percent stake in affiliate Pokemon Company which owns the licensing rights.

But the Japanese company also has an undisclosed stake in Niantic - the game's developer which was spun off from Google, and it will sell Pokemon GO Plus - an accessory that alerts players to nearby Pokemon so that they don't have to always be looking at their smartphones.

Nintendo said on Wednesday that the device will be launched in September due to software adjustments.



Previous
Next
LG Display Invests KRW 1.99 Trillion in Flexible OLED Display Production        All News        Samsung To Release HDR+ Firmware Update for 2016 SUHD TVs
The Xbox Summer Update Starts Rolling Out     Games News      Nintendo Downplays Pokemon GO's Earnings Impact

Get RSS feed Easy Print E-Mail this Message

Related News
Nintendo Labo Kits Now Available
Nintendo Announces New Games
Nintendo to Produce Super Mario Animation Film, Bring Mario Kart to Smartphones
Nintendo Switch and Software Sales Raises Company's Outlook
Nintendo is Shutting Down its First Mobile App
Nintendo Releases Cardboard Accessories for Switch
Nintendo Switch Becomes the Fastest-selling Video Game System in the U.S.
Nintendo Says Switch Sells 10 Million Worldwide
Nintendo's Super Mario and Zelda Games Coming to Nvidia Shield
Nintendo's Black Friday Deals
Robust Switch Demand Boost Nintendo's Profit
Nintendo Switch Update Brings Video Capture and More

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .