Nintendo cuts profit forecast as strong yen overwhelms Pokemon

By Makiko Yamazaki OSAKA, Japan (Reuters) - Japanese videogames maker Nintendo Co cut its annual profit outlook by a third on Wednesday as a strong yen erodes income earned overseas and overwhelms an earnings bounce from its surprise hit smartphone game Pokemon GO. The popularity of Pokemon GO sparked expectations of an earnings renaissance at Nintendo. Nintendo profits from Pokemon GO through investments in Pokemon Co and Niantic Inc. Nintendo's president, Tatsumi Kimishima said earnings from a