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Nintendo looks at smartphone games as profits dip

Nintendo reported operating profits for the period from July to September, and the figures are somewhat weaker than expected.

According to a report by Reuters (opens in new tab), despite fairly weak results, the company said 3DS consoles are selling good. It is also looking at entering the smartphone games market, something the company's been announcing for quite some time now.

Nintendo's fiscal second-quarter operating profit fell slightly to 7.8 billion yen (£42.33 million) from 9.3 billion yen a year earlier. That compared with the average 9.3 billion yen estimate of 19 analysts, Thomson Reuters data showed.

However, the company is still earning some money. Worldwide, it generated a total of £1.10 billion (204.18 billion yen) in sales, which is up 19.1 per cent year-on-year.

According to VentureBeat (opens in new tab), the growth was fuelled by Super Mario Maker, Splatoon and a couple of 3DS releases in Japan.

“That led to Nintendo generating an operating income of $74.5 million (8.98 billion yen, £48.67bn) and an earnings of 79 cents (95.46 yen) per share,” it says in the report.

VentureBeat argues that, despite fairly good figures, Nintendo is still not out of dangerous waters. As a matter of fact, if it wants to keep growing, it will need a “monstrous holiday and, likely, the upcoming release of its first mobile game”.

A lot of attention is being drawn towards Nintendo’s mobile games, even though the products are still far away from being released. Still, the media are looking at them, expecting to see them propelling Nintendo into an even brighter future.

Sead Fadilpašić
Sead Fadilpašić

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.