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Nintendo profits up to $364 million as Pokemon GO and Seattle Mariners sale prop up falling revenues

Nintendo profits up to $364 million as Pokemon GO and Seattle Mariners sale prop up falling revenues

Nintendo (TYO:7974) has released its financials for the first half of its FY17 for the six months ending September 30th 2016.

It posted sales of $1.31 billion for the last six months, a 33% decrease year-on-year from $1.95 billion.

However, it did still manage a profit of $364 million, almost triple the amount made in the first half of its FY16.

It also saw its 3DS hardware range increase 19% year-on-year to 2.71 million units sold. Nintendo attributes this to the interest in Pokemon GO helping boost sales of Pokemon software and related hardware.

Sales down, profits up

Nintendo has also adjusted its forecasted financials for the rest of its FY17.

Net sales predictions have been lowered by $287 million, though it predicts an increase of $143 million on its previous profits forecast due to the sale of its stake in US baseball team the Seattle Mariners.

It did not mention its first smartphone game, Miitomo, at any point in its financials. Its upcoming Super Mario Run, Fire Emblem and Animal Crossing smartphone titles were mentioned, though Nintendo did not suggest what impact these would have on its sales.


Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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