Japanese videogame giant Nintendo said Wednesday its April-December net profit soared six-fold to $504 million as a sharply weaker yen boosted its bottom line and helped offset slowing sales. For the fiscal year to March 31, the Kyoto-based company also raised its annual net profit forecast to 30 billion yen ($254 million), from an earlier 20 billion yen estimate, but the Super Mario creator trimmed sales and operating profit forecasts. Between April and December, Nintendo posted a 59.5 billion yen ($504 million) net profit with operating income swinging to 31.6 billion yen -- reversing a year-earlier loss. The relatively upbeat results come as Nintendo, which makes the Wii U console and 3DS gaming system, looks to move past three straight years of operating losses, underscoring the challenges faced by the one-time industry titan.
via Gaming News Headlines - Yahoo! News http://ift.tt/1BwCnRM
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