Nintendo Posts Wider Quarterly Loss, Delays Pokemon Go Plus
- Currency impact weighed on Nintendo’s income from overseas
- Game maker keeps its profit outlook for fiscal year intact
Do Nintendo Shares Have Further to Fall?
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Nintendo Co. delayed the release of a key accessory for the hit Pokemon Go game as the company posted a wider-than-projected loss amid weak demand for its Wii U consoles and a stronger yen.
The net loss was 24.5 billion yen ($232 million) for the three months through June, the Kyoto-based company said in a statement Wednesday. That compares with the prediction for a 3.4 billion yen loss, the average of analysts’ estimates compiled by Bloomberg. Nintendo kept its 35 billion yen profit outlook for the fiscal year, and its shares fell 10 percent in German trading.