Home Business NewsBusiness Nintendo profits fall by 45 per cent despite strong sales

Nintendo profits fall by 45 per cent despite strong sales

by LLB Reporter
30th Jul 19 11:07 am

Video game producer, Nintendo reported £125m in profits for the quarter ending in June compared to £231m for the same period a year before despite sales rising by 2% to £1.3bn.

Nintendo’s forecasts for the fiscal year remains unchanged at £1.39bn with sales of their Switch game machine now totalling 36.87m.

The firm reported that an unfavourable exchange rate caused the drop in earnings.

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