|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||43.95 - 46.53|
|52 Week Range||35.81 - 53.24|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||31.67|
|Forward Dividend & Yield||0.62 (1.34%)|
|Ex-Dividend Date||Sep 25, 2019|
|1y Target Est||57.00|
One of the best racing games of the previous generation of game consoles (PlayStation 3, Xbox 360, PC), "Burnout Paradise" got a visual remaster and re-release a couple of years ago for PlayStation 4, Xbox One and PC. This year, it gets added to one more system, the Nintendo Switch, so you can enjoy the fast paced vehicular destruction anywhere. With the original release, Nintendo's only home console, the Wii, didn't have the digital horsepower to handle the high-definition graphics of the then-new Burnout game.
Activist Investors Want Board Representation at GameStop Corp. By John Jannarone When it comes to short-term activist strategies, the coronavirus should teach investors to beware of playing risky games. In February 2019, video-game retailer GameStop Corp. received a demand from activist investors Hestia Capital and Permit Capital: Take virtually all of the $700 million from […]
The era of social distancing is going to put a lot of existing systems to the test. Nintendo’s online services for the Switch have been experiencing outages in the U.S. and parts of Europe. The company noted the issues on social media, adding that it’s “looking to rectify the situation as soon as possible."
Yahoo Finance’s Dan Howley joins Alexis Christoforous and Brian Sozzi to discuss why the gaming industry is getting a boost amid the coronavirus outbreak.
Millennials may not like “labels” in general, but they’re as hooked on Amazon as boomers and Gen X. Amazon (AMZN) was one of the few companies to be beloved across every age group, appearing in the top five for Gen Z/millennials, Gen X and baby boomers alike — and with boomers naming it their No. 1 brand overall.
Chinese tech giant Tencent <0700.HK> said on Tuesday it would extend warranty for Nintendo Switches purchased in China via official channels before March 31 by six months as sales have been hit by the coronavirus outbreak. The virus has impacted Nintendo Switch sales, logistics, promotions and user experience in China to varying degrees, the company said in a statement on its official WeChat account. Tencent, which started selling Switches in China in December, is a local partner of Nintendo <7974.T> for its console games sales in the country.
The Zacks Analyst Blog Highlights: Microsoft, Electronic Arts, Activision Blizzard, Take-Two Interactive Software and Nintendo
Consumer goods giant Reckitt Benckiser said demand for its Lysol and Dettol products had increased since the outbreak of the coronavirus
The global online gaming market size is poised to reach $79 billion by 2025, supported by growing popularity among millennials and Gen Z globally.
Sony has made an announcement on the official website saying it would be releasing the next version of its PlayStation console. The previous model, PlayStation 4, was released in November 2013. The PlayStation range of gaming consoles competes with Microsoft Corporation’s (NASDAQ: MSFT) Xbox consoles.
Japan's Nintendo Co Ltd said on Thursday delays to production and shipping of its Switch console and peripherals like the Joy-Con controllers to the Japan market due to the coronavirus epidemic were "unavoidable". Nintendo CEO Shuntaro Furukawa said last week that production in China of the popular device was being impacted by the virus. Nintendo began moving part of its production to Vietnam from China in 2019 as supply chains were hit by the Sino-U.S. trade war, but it does not have enough capacity in the Southeast Asian nation to offset the disruption from the outbreak.
Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google has high hopes for its Stadia video game streaming service. It promises to deliver PC games at resolutions up to 4K with HDR and frames rates of up to 60 fps. No gaming PC or console needed, just a TV with a Chromecast Ultra, Wi-Fi and a controller. Players can also go mobile with their laptop, tablet or smartphone.The initial launch price is $130 for a controller, plus three months of premium service and a subscription rate of $10 monthly after the free period. Premium games cost anywhere from $20 to $60. A free tier with 1080p video is expected later this year (games still cost extra).Sounds like a game-changer with the potential to disrupt the PC, console and mobile gaming industries. Except, so far, everything hasn't gone quite as smoothly as Google had hoped. Complaints from early adopters include a small selection of games, doubts that the full 4K resolution is being delivered and poor performance on many home Wi-Fi networks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Heavily Shorted Stocks That Could Pop on a Short Squeeze If Google Stadia flops -- and that's by no means a certainty at this point -- it is bound to have a ripple effect for tech stock investors. These five stocks in particular are likely to benefit. Tech Stocks That Become Winners if Stadia Flops: Apple (AAPL)Source: George Dolgikh / Shutterstock.com Apple (NASDAQ:AAPL) frequently finds itself in competition with Google. The company revolutionized mobile gaming with the one-two punch of the iPhone and App Store. Apple helped to turn mobile gaming into a $68.5 billion market, and that has had significant upside for AAPL stock.The company's latest move was last year's launch of the Apple Arcade video game subscription service. If Google Stadia fails to catch on, look for Apple to push its subscription as the proven mobile gaming service, with low cost ($4.99 per month), exclusive games, offline capability and a superior experience on AAPL devices ranging from the iPhone, to MacBooks or an Apple TV hooked up to the living room television. Nvidia (NVDA)Source: Pe3k / Shutterstock.com Nvidia (NASDAQ:NVDA) potentially wins in two ways if Google Stadia falls flat.The most obvious win is sales of graphics cards. NVDA stock is driven by graphic card sales, and the biggest segment there is gamers. If Google Stadia is successful and they no longer need gaming PCs with high-end graphics cards to play games, that could hurt Nvidia's revenue. * 10 Tech Stocks to Buy Now for 2025 Nvidia also launched its own cloud gaming service this week. Nvidia GeForce Now uses the same basic premise as Google Stadia -- the company runs PC games in the cloud and streams them to your device -- but there's a big difference. NVDA's version costs just $5 a month, and it works with the PC games players already own (hundreds of titles are supported), so they don't have to pay for each title as they do with Stadia. If Stadia users rebel against paying for games (or the low selection of titles available), Nvidia GeForce Now is there to scoop them up. Microsoft (MSFT)Source: Peteri / Shutterstock.com Microsoft (NASDAQ:MSFT) also has the potential for two wins if Stadia fails to catch on.Like Nvidia, Microsoft has its own cloud gaming service. Project xCloud is currently in preview. Instead of PC game titles, it hosts Xbox games on cloud servers, then streams them to Android smartphones and tablets. The more modest bandwidth requirements of Xbox games could make this one a winner if Google Stadia can't master those 4K PC games.The bigger win -- and one that will have a material impact on MSFT stock -- is the holiday launch of the company's new Xbox Series X game console. If Stadia takes off, that could reduce the appeal of console gaming (part of which is based on a lower cost than buying a gaming PC). If Stadia falters or fails to catch on, the launch of Microsoft's ultra-powerful console is expected to help the company's gaming revenue surge in the holiday quarter. Sony (SNE)Source: Sundry Photography / Shutterstock.com Sony (NYSE:SNE) is in a similar boat to Microsoft. The company is launching its next generation PlayStation 5 game console just in time for the holiday sales season.PlayStation sales have been slowing, and that has had a material impact on Sony's revenue. In Q3, PlayStation revenue dropped 20% year-over-year due to slowing PS4 and games sales. Investors are looking to the fall, when the successor PlayStation 5 will launch. With next generation power and exclusive launch titles, it is expected to be a hit, re-igniting PlayStation revenue and boosting SNE stock.A successful Google Stadia would be bad news, with the potential the streaming game service could raise doubts about the wisdom of buying a console, and cut into PS5 sales. Nintendo (NTDOY)Source: ESOlex / Shutterstock.com Nintendo (OTCMKTS:NTDOY) is one of the companies that's most at risk if Google hits a home run with Stadia.After several disastrous years that saw NTDOY stock drop by over 84% from its Wii days, the company finally found success again with the Switch. The key appeal of this console is mobile gameplay, with the option of docking it for a big screen TV experience. Google Stadia is pitching a similar experience, but using a smartphone, tablet, or TV, with PC games that offer far superior graphics to Switch titles. Gamers choosing Stadia over the Switch would be devastating for NTDOY.Nintendo will be watching consumer reaction to Stadia carefully, and will breathe a sigh of relief if Google's game streaming service fails to take off.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 5 Tech Stocks That Will Benefit If Googleas Stadia Is a Flop appeared first on InvestorPlace.
Nintendo Co Ltd's mobile partner DeNA Co Ltd said on Wednesday it was booking a 49.4 billion yen ($450 million) writedown as its gaming business falters in Japan's saturated mobile market. DeNA booked a 40.2 billion yen loss on goodwill related to U.S. gaming unit Ngmoco and a 8.1 billion yen loss on software, with the company saying it expects to report a loss in the year ending March. DeNA has partnered with Kyoto-based Nintendo on mobile titles including Mario Kart Tour, which has been widely downloaded since its September launch.
Activision's (ATVI) fourth-quarter 2019 results are likely to have benefited from strength in popular franchises despite intense competition.
"Regarding Nintendo Switch, we believe that it is important to continue to communicate the appeal of both Nintendo Switch systems and expand the installed base," Furukawa said. Earlier in the day, Nintendo announced a special edition Nintendo Switch themed on the game "Animal Crossing: New Horizons" that is set to launch in Japan and the European Union on March 20. Nintendo has been reportedly working on a new version of the highly popular Switch model, which functions both as a portable gaming device and as a console, for a long time.
Nintendo Co Ltd CEO Shuntaro Furukawa said on Friday the gaming company has no plans to launch a fresh Switch model this year, dampening rumors it will offer an upgraded version of the hit device. Nintendo launched a handheld-only version of its console in September, driving demand for the Switch through the year-end shopping season. The Kyoto-based company has long been rumored to be preparing an upgraded version of the hybrid home-portable Switch as it nears the end of its third year in the market.
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Universal Studios Japan is tapping into the success of Nintendo icon Super Mario It's announced a "Super Nintendo World" theme park will open ahead of the Tokyo 2020 Olympics. Universal Studios says the park will be the "ultimate real-life video game". CEO J.L. Bonnier (SOUNDBITE) (English) PRESIDENT AND CEO OF UNIVERSAL STUDIOS JAPAN, J. L. BONNIER, SAYING: "We are delighted to introduce Super Nintendo World in the year that gonna attract so much attention to Japan from all over the world. And a lot of visitors will be visiting Japan. This is really gonna be the Super Nintendo World year." Visitors will be encouraged to buy a wristwatch-shaped device called a "Power Up Band" And park-goers can also hit the physical "Question Block", a traditional object that appears in the Super Mario series, to gather coins. Super Nintendo World will first open in Osaka, with expansion plans for the U.S. and Singapore. Moustached Italian plumber Mario has gripped gamers for nearly four decades as he dodges flying turtles, jumps chasms and rescues Princess Peach. Across multiple franchises spanning dozens of titles, Mario's evolution tracks the development of Nintendo's gaming business - and the broader industry as his environment has evolved from linear games played on bulky arcade systems, to the open-world offerings of today. The global video and electronic games market generated around 150 billion dollars last year with Japanese companies making a comeback, in part because of nostalgia for retro games.
Niantic's Pokémon GO had its best year ever in 2019, even besting 2016, when seemingly everyone was running around their towns playing the game right after its launch, app tracking website Sensor Tower reported Friday. The augmented reality mobile game app generated just under $900 million in gross player spending, Sensor Tower estimated, beating the $830 million plus it reaped the year the game exploded onto the scene with the most downloads ever for an app in its first week. The take made Pokémon GO No. 5 in mobile game earnings worldwide this year with "Honor Kings" from Tencent Holding (OTC: TCEHY) topping the chart, generating nearly $1.5 billion.
Activision Blizzard (ATVI) is benefiting from franchise strength. The upcoming launch of Galakrond's Awakening for Hearthstone expands its gaming portfolio.
This morning Nintendo announced that it's working on not one, but two downloadable expansions for Sword and Shield: The Isle of Armor (arriving June 2020) and The Crown Tundra (coming sometime "in the fall of 2020"). While this definitely isn't the first time Nintendo has dabbled with DLC, it is the first time they've done so with a main series Pokémon title. Considering that Sword/Shield is one of the best-selling Switch games of all time, it makes sense that Nintendo isn't quite ready to be done with it.
Taiwan-based memory chip maker Macronix International Co., Ltd. is bullish on the memory chip market in 2020, according to Nikkei Asian Review. After a rough 2019, the memory chip market could see a steady recovery in demand and a rebound in memory chip prices in 2020, said Macronix International to the publication. Macronix is a major chip supplier to some of the world’s top electronics companies, including Sony Corp (OTC: SNEJF), Apple Inc. (NASDAQ: AAPL), Huawei and Nintendo Co., Ltd (OTC: NTDOY).