Nintendo Issues Profit Warning Despite 'Pokemon Go' Commercial Success

By Arah TJ , Updated Oct 27, 2016 11:17 AM EDT
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"Pokemon Go" did not save Nintendo from issuing a profit warning. This has been caused by Nintendo Wii poor sales and a strong Yen.

According to the Japanese video game maker, the full-year of operating profit would be about a third lower than expected at 30bn yen or $288m. The company's sales fell 33% for six months to September, according to BBC.

Although the September release of "Pokemon Go" app has been globally successful, it was not enough to help Nintendo because the app was developed and distributed by US-based Niantic. The Japanese video game maker owns a stake in Niantic, a one-third share of the Pokemon Company.

Last week, the company announced that their next game console, the Nintendo Switch, will be a portable, handheld device. The innovative Switch looks like a tablet computer with controllers attached to its sides. This device is expected to come out in March 2017. Although the company revealed some details of the new device, however, its spokesperson said that the company hasn't given all the details.

In a new report, Nintendo teased there will be more Switch details to be revealed on Jan. 12, 2017 via livesteam, Endgadget reported. According to Smart money, expect more they will reveal price, software lineup and launch date.

The upcoming is dubbed "Nintendo Switch Event 2017." It will be held at Tokyo's Big Site. According to a report, there will be two days of public demo.

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