Nintendo’s earnings miss echoes Sony’s gaming woes

The Kyoto-based company reported operating profit of 101.7 billion yen (US$763mil or RM3.4bil) and sales of 307.5 billion yen (RM10.3bil) in the three months to the end of June, missing average analyst estimates of 115.2 billion yen (RM3.84bil) and 332.1 billion yen (RM11.1bil), respectively. (File pic shows a Nintendo Switch console.)

TOKYO: Nintendo Co reported worse-than-expected first-quarter earnings as a weaker yen failed to offset declining hardware and software sales.

The Kyoto-based company reported operating profit of 101.7 billion yen (US$763mil or RM3.4bil) and sales of 307.5 billion yen (RM10.3bil) in the three months to the end of June, missing average analyst estimates of 115.2 billion yen (RM3.84bil) and 332.1 billion yen (RM11.1bil), respectively.