Nintendo's lack of hit games hits profits hard

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Despite Nintendo's attempts to
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ahead of announcing its financial results, its latest quarterly earnings aren't good. Net sales are down 31 percent compared to the same quarter last year, down to 62 billion yen ($587 million), while it saw an operating loss of 5.1 billion yen (roughly $48 million). The games maker managed to sell 220,000 Wii Us, nudging the total number of consoles sold over 13 million, while the aging 3DS sold just under an additional 1 million handhelds. Despite Nintendo owning parts of Pokemon Go, it isn't reflected in the report as the game was released after the quarter that ended in June. However, the company took to Twitter to announce that its curious
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has been delayed two months til September.

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