Nintendo misses profit forecast
Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, report net profit fell 60.6% in 2015 to ¥16.51 billion ($139.5 million), as consumers reined in spending ahead of its new console launch.
The Kyoto-based videogame maker added that its digital sales netted ¥44 billion in the same period, which is up from ¥31 billion, highlighting to investors that last year’s move into the smartphone gaming market is likely to prove fruitful.