Nintendo sinks into loss despite ‘Pokemon Go’ global success

TOKYO (AP) — Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the global success of the “Pokemon Go” augmented reality game.

The result Wednesday was worse than the 673 million yen ($6.4 million) profit forecast by analysts surveyed by FactSet.

The manufacturer of Super Mario games and the Wii U console had an 8.3 billion yen profit the same quarter a year ago.

The Kyoto-based company’s quarterly sales fell 31 percent to 61.97 billion yen ($586 million).

Nintendo had warned the “Pokemon Go” perk will be limited.

The Pokemon Co., a Nintendo affiliate, will get licensing fees and other compensation for the mobile game distributed by Niantic Inc., but that won’t have much impact on Nintendo income.

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