Nintendo posts wider loss, delays Pokemon Go Plus

Tokyo

NINTENDO delayed the release of a key accessory for the hit Pokemon Go game as the company posted a wider-than-projected loss amid weak demand for its Wii U consoles and a stronger yen.

The net loss was 24.5 billion yen (S$315 million) for the three months through June, the Kyoto-based company said in a statement on Wednesday. That compares with the prediction for a 3.4 billion yen loss, the average of analysts' estimates compiled by Bloomberg. Nintendo kept its 35 billion yen profit outlook for the fiscal year, and its shares fell 10 per cent in German trading.