Despite Increased Sales, Nintendo's Year-On-Year Profits Have Almost Halved

Exchange rates and 'other factors' to blame this quarter.

While the overall picture in sales terms was relatively rosy for Nintendo according to its latest financial figures, shareholders aren't doing quite as well as the revenue figures suggest. Despite increases in sales and a 2.4% increase in revenue to 172 billion yen, profit has taken a 45.7% dive compared to the same three month period last year.

The three-month period ending 30th June 2018 saw profit (specifically 'profit attributable to owners of parent') of 30.6 billion yen (nearly $282 million) compared to the latest figure of 16.6 billion (almost $153 million). Of course, the latter figure is still not to be sniffed at, but the massive slide despite improved sales might raise some eyebrows.

Read the full article on nintendolife.com

from Nintendo Life | Latest Updates https://ift.tt/2ypm6no