You can now run Android on your Nintendo Switch

Ruben Fields
July 30, 2019

Japanese entertainment giant Nintendo said Tuesday its net profit in the first quarter dropped 46 percent due to exchange rate losses, but reported steady sales of its Switch gaming platform.

Operating profit in the first quarter was 27.4 billion yen ($252.26 million).

Revealed during Nintendo's financial briefing for April-June of this year (FY3/Q1 2020), the Nintendo Switch sold 2.13 million units this past quarter, which is a 13.2% increase on a year-on-year basis.

Nintendo's forecasts for the fiscal year were unchanged at 180 billion yen ($1.7 billion) profit on 1.25 trillion yen ($11.5 billion) sales.

Ultimate, which crushed the 10 million mark in less than six months, but it's nearly enough to put Mario Maker 2 in the "top 10 best-selling Switch games of all time" list.

Gold steadies as investors await cues on future Fed rate cuts
On the technical front, $1,400 will be the key downside support for gold, and beyond that, $1,380, OANDA's Erlam said. Gold prices were pressurized after markets expected a smaller rate cut which supported the Dollar.

Nintendo's shares closed up 0.7% ahead of the earnings announcement.

Switch Lite, which will sell for $199.99, will be a strictly handheld device that can't be connected to television sets. These games will allow you to catch, battle, and trade Pokemon while exploring an all-new story.

Many analysts nevertheless said games fans will continue to hew to traditional console manufacturers like Nintendo and Sony Corp with their exclusive games featuring well-established characters.

The Switch has become a huge global seller, helped by innovative, family-friendly titles that have wowed critics and gamers alike. The title, which lets players build their own Mario levels, helped Nintendo to Switch software sales of 22.62 million.

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