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yamauchi family

July 27, 2016

Japanese videogame maker Nintendo, owned by the sixth generation of the Yamauchi family, has reported its worst first quarter loss in five years as it struggles with weak demand and a strong yen.

Japanese videogame maker Nintendo, owned by the sixth generation of the Yamauchi family, has reported its worst first quarter loss in five years as it struggles with weak demand and a stronger yen.

Despite the success of its smartphone game Pokémon Go, which is reportedly making about $1.6 million per day, Nintendo saw revenues fall by 31% to ¥62 billion ($586 million) in the three months to the end of June.

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