• SHARE

Nintendo Co. warned that its profit and sales may decline in the current fiscal year in part because of the coronavirus, sending its shares tumbling despite strong financial results in the last quarter.

The Kyoto-based game-maker forecast a 15 percent decline in operating profit, a drop in Switch console sales to 19 million and a fall in software sales to 140 million. Its shares dropped as much as 5.6 percent on an intraday basis on Friday, while the Tokyo market rose.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)