{"id":20884,"date":"2017-01-31T10:45:19","date_gmt":"2017-01-31T10:45:19","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=20884"},"modified":"2017-01-31T10:45:19","modified_gmt":"2017-01-31T10:45:19","slug":"nintendo-returns-quarterly-operating-profit-cuts-full-year-outlook","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/nintendo-returns-quarterly-operating-profit-cuts-full-year-outlook.html","title":{"rendered":"Nintendo returns to quarterly operating profit but cuts full-year outlook"},"content":{"rendered":"
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Nintendo returns to quarterly operating profit but cuts full-year outlook<\/span><\/strong><\/span><\/h2>\n

Nintendo returns to quarterly operating profit but cuts full-year outlook:-<\/strong> Japanese videogames maker Nintendo Co Ltd on Tuesday said revenue from its nascent mobile gaming division helped it book its first profit in four quarters, but blunted the announcement with a one-third cut to its full-year outlook.<\/span><\/p>\n

Operating profit reached 32.3 billion yen ($284 million) in October-December, 3.7 percent lower than the same period a year earlier, but beating the 30.71 billion yen Thomson Reuters Starmine SmartEstimate drawn from six analyst forecasts.<\/span><\/p>\n

For the year ending March, Nintendo cut its operating profit forecast to 20 billion yen from 30 billion yen due to lower game software downloads for its consoles.<\/span><\/p>\n

Nevertheless, projected income from investments and a weaker yen allowed it to almost double its net profit forecast to 90 billion yen.<\/span><\/p>\n

The quarterly result signals that Nintendo’s long-overdue foray into mobile gaming last year has started to make meaningful contributions to earnings.<\/span><\/p>\n

In the nine months through December, the games maker said it earned about 10.7 billion yen from mobile gaming, accessories and related merchandise, including from its first Nintendo-branded mobile game, Super Mario Run. The figure was up from 4.4 billion yen in the same period a year earlier.<\/span><\/p>\n

Super Mario Run, featuring the princess-rescuing Italian plumber, has reached about 78 million downloads since its Dec. 15 launch, Nintendo said.<\/span><\/p>\n

But the game has also received a high number of reviews from users complaining mainly about its $9.99 one-time cost, with less than 10 percent of users paying to unlock all features. Most mobile games are free to play and charge small payments for special features.<\/span><\/p>\n

Nintendo also earns profit from mobile game Pokemon Go through investment in developers Pokemon Co and Niantic Inc. For April-December, that profit was around 16 billion yen.<\/span><\/p>\n

Nintendo has said it plans to release around 3 mobile games a year, with two titles – Animal Crossing and Fire Emblem – planned for the coming months.<\/span><\/p>\n

Still, it continues to regard mobile gaming primarily as a means of luring players to its mainstay consoles.<\/span><\/p>\n

It will release its Switch hybrid home console and handheld device on March 3 and expects to ship 2 million units by the end of that month.<\/span><\/p>\n

Nintendo’s president, Tatsumi Kimishima, said at a news briefing on Tuesday that the games maker plans to move up production plans to meet orders.<\/span><\/p>\n

Source:-\u00a0http:\/\/www.reuters.com\/article\/us-nintendo-results-idUSKBN15F0K9<\/span><\/div>\n

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