It posted an operating loss of ¥5.1 billion ($49 million) for the April-June quarter, wider than a Starmine SmartEstimate of a ¥4 billion loss. Analysts have said any benefits from Pokemon GO will likely continue to be countered to some extent by the stronger yen. “This is just the beginning for Nintendo.”For now, Nintendo has forecast operating profit to climb 37% to ¥45 billion in the year ending March. Tokyo: Japan’s Nintendo Co. Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game’s success. Its main source of Pokemon GO income is set to come from its 32% stake in Pokemon Co. which owns the licensing rights.

Source: Mint July 27, 2016 07:18 UTC