Nintendo has been making headlines for their involvement with Pokemon Go, however, the rest of their business isn't having the same results and has resulted in a $48 million dollar loss in the last quarter. Nintendo doesn't have much on the horizon that has investors excited and isn't getting the profits from Pokemon Go that people assumed they were thanks to those profits being split with the games developers. Engadget has the details on Nintendo's less than stellar quarterly results.
Despite Nintendo's attempts to lower expectations ahead of announcing its financial results, its latest quarterly earnings aren't good. At all. Net sales are down 31 percent compared to the same quarter last year, down to 62 billion yen ($587 million). Meanwhile, it saw an operating loss of 5.1 billion yen (roughly $48 million). Nintendo managed to sell 220,000 Wii Us, nudging the total number of consoles sold over 13 million, while the aging 3DS notched another million sales. Despite the company owning parts ofPokémon Go, it isn't reflected in the earnings, as the game was released after the quarter that ended in June.