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Article: YEN REDUCES NINTENDO'S PROFITS POKEMON SALES OFFSET NINTENDO64 SLOWDOWN.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- November 25, 1999
CopyrightCOPYRIGHT 1999 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nintendo Co. Ltd. said yesterday that the strong yen drove its profit down nearly 70 percent in the half-year to September, despite a worldwide craze for its ``Pokemon'' video games.
The leading Japanese game-making company, whose U.S. operations are headquartered in Redmond, said its parent-only current profit dropped to 20.2 billion yen ($193.3 million) in the six-month period from 63.04 billion yen in the same period a year ago, while sales slipped 5 percent to 190.2 billion yen from a year ago.
The half-year results came days after the video game giant launched new ``Gameboy'' hand-held machine software for its blockbuster Pokemon game series in ...