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Nintendo's profits slip and slide

The Japanese video-game company Nintendo has reported a big slump in profits, with disappointing sales over Christmas.

Nintendo at an electronics store in Tokyo.

Nintendo's profits have dropped 36 per cent, with lacklustre sales over the Christmas period. (AAP)

Nintendo's profits have dropped 36 per cent, with lacklustre video game sales in the Christmas period.

The Japanese manufacturer of Super Mario games and the Wii U game machine has reported a Y29.1 billion ($A672.12 million) profit for the October-December fiscal third quarter, down from Y45.2 billion in the same period the previous year.

The Kyoto company, which suffered a blow when its charismatic president, Satoru Iwata, died last July, kept its annual forecasts unchanged at a Y35 billion profit on Y570 billion sales for the fiscal year through March.

Quarterly sales slipped 18 per cent to Y221.5 billion ($A5.12 billion).


1 min read

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Source: AAP



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