TOKYO (AP) — Nintendo reported an 8.6 billion yen ($88 million) profit for the fiscal first quarter in a reversal from losses the previous year, thanks to a cheaper yen.
Nintendo Co., the Japanese maker of Super Mario games and the Wii U machine, reported a 17.2 billion yen loss in the same quarter a year earlier, partly because of an unfavorable exchange rate.
Kyoto-based Nintendo got a nearly 17 billion yen ($173 million) gain from the yen's decline against the dollar and the euro for the April-June period.
A cheap yen is a boon for Japanese exporters such as Nintendo.
Video games have been hurt by the popularity of smartphones and other devices that also deliver online entertainment. Wii U sales have fallen short of company forecasts.