|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.05 - 44.60|
|52 Week Range||31.38 - 46.85|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||30.56|
|Forward Dividend & Yield||0.37 (0.84%)|
|1y Target Est||73.46|
Andre Meadows, the 'Black Nerd,' spoke with Nintendo's Kit Ellis at E3 about the company's upcoming releases and gave ET Live a tour of the Nintendo and Luigi Mansion booths.
In a press release, Nintendo confirmed it's bringing Pokemon Sword and Shield to the E3 show floor. That was to be expected, after the recent Pokemon Nintendo Direct stream, in which we discovered Sword and Shield's release date, story details, and more. In addition, the platform holder stated Luigi's Mansion 3, The Legend of Zelda: Link's Awakening, and Marvel Ultimate Alliance 3: The Black Order will all be playable on Nintendo Switch.
This week, we're looking at the N64, which arrived in Japan 23 years ago. The Nintendo Entertainment System essentially created defined the home video game market when it launched in the mid-1980s. By then, Sega had chipped away at Nintendo's dominance with the Genesis, but Nintendo was still in an enviable position heading into the next generation of game consoles.
Sales of traditional console-based video games were down 17% in May from a year ago, as gamers continue to shift to free-to-play games, mobile offerings and a couple of traditional games had lackluster debuts. Wedbush's Michael Pachter continues to have Outperform ratings on several game companies, but he noted the industry is changing. The retail sales figure missed his estimate of $150 million.
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of a new Watch feature. Today, we'll look at that and other Apple Rumors for Tuesday.Watch Update: A new feature will allow the Apple Watch to update on its own, reports AppleInsider. Hints of this new feature are showing up in the beta versions of watchOS 6. Unfortunately, there is still a requirement to accept terms and conditions on a paired iPhone. However, this is a sign on the device coming closer to standing more on its own. That makes sense with AAPL planning to launch an App Store just for the Watch.Beddit Beta: Apple's Beddit is offering a beta to help develop its devices, MacRumors notes. This new beta from the company is going to let owners of its Beddit 3.5 product test out new features before they get a public release. Requirements for the beta include living in the U.S., only using the device in the U.S., and being between the ages of 22 and 75.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDr. Mario World: Owners of an iOS device are going to get something new to play next month, reports 9to5Mac. Nintendo (OTCMKTS:NTDOY) is releasing its Dr. Mario World app on July 10. The game is free to play, but does include in-app purchases. It is based on the Dr. Mario puzzle game that came out back in the 1990s. An Android version of the app will also launch alongside the iOS version.Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Tuesday Apple Rumors: Apple Watch to Get Standalone Update Support appeared first on InvestorPlace.
Despite all the noise, video-game manufacturer Electronic Arts (NASDAQ:EA) and EA stock has always had one ace up its sleeve: its core revenue-generating industry. Many of the younger InvestorPlace readers may not remember a time when video games represented the exclusive domain of partner-less nerds. I speak from personal experience.Source: Shutterstock Of course, the gaming marketplace is very different today. According to a recent industry report, 65% of American adults play video games. Moreover, the average age is 33 years. From the perspective of stakeholders of Electronic Arts stock, this rising demographic trend is extremely positive.How so? Back in the nascent stage of video-game consoles from Nintendo (OTCMKTS:NTDOY) and Sony (NYSE:SNE), parents would scream at their children to put down their controllers and finish their homework. Again, I speak from personal experience. Now, parents are playing alongside their children.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Biotech Stocks to Invest In Today With the gaming industry having attained mainstream credibility, the EA stock price should be on fire. However, several gaming stocks performed poorly last year due to a myriad of headwinds, including even geopolitical ones. Naturally, this has dampened the environment for EA and rivals like Activision Blizzard (NASDAQ:ATVI).Still, investors should take solace in that Electronic Arts stock appears to have stabilized. Moreover, the company beat its earnings and revenue expectations for its fiscal fourth quarter of 2019. While one report doesn't change the entire narrative, it's a far cry from Q3's disappointing take.Here are three more reasons why contrarians can believe in EA stock: Management Can Fix What Went WrongLast year was an unusual one. Conspicuously, the Trump administration started to lose credibility in foreign affairs. That's an issue that the former real-estate mogul harped on during his campaign for the 2016 election.A consequence of the spiraling affairs in the White House was the U.S.-China trade war. That eventually sparked a severe correction in the broader markets. I mention this because looking back in hindsight, Electronic Arts stock would have suffered irrespective of management's decisions.But that doesn't excuse EA's top-level executives which made some unforced errors. Key among them was the Battlefield V mishap. Prior to launching the full retail version of the game, EA released a teaser-trailer during a gaming conference. Fans immediately complained about Battlefield V's historical inaccuracies, which was set in World War II.Management insisted that the fans were wrong, even mocking them at one point. They forgot the cardinal rule of business: the customer is always right.I don't need to dive into the gory details. Suffice to say, Battlefield V was an incredible disappointment, badly hurting the EA stock price.But here's the good news: presumably, the worst of the damage is over for Electronic Arts stock. Now, the leadership team just needs to concentrate on fixing what went wrong.If you think about it, that's the easy part: they must cease silly unforced errors. Furthermore, they should concentrate on what has always worked in any industry: give the customers exactly what they want. Apex Legends Delivers the Goods for EA StockSpeaking about fulfilling consumer desires, a discussion on EA stock is incomplete without mentioning Fortnite. Seemingly out of nowhere, this upstart first-person shooter (FPS) turned the broader gaming sector upside down.Personally, I found this phenomenon difficult to understand. Companies like EA and ATVI have dominated the FPS market with increasingly realistic graphics and gore. Fortnite, with its bright, cartoonish graphics, was almost a slap in the face to industry protocol. Yet everybody was talking about it, while the established giants faded into the background.Obviously, that also negatively impacted Electronic Arts stock. However, in this regard, management demonstrated that they're learning lessons from the battlefield (pun intended).Their online FPS title, Apex Legends, encompasses the core elements that made Fortnite a hit: free to play, and utilizing an improved version of "battle royale" mode. When it launched, Apex was an immediate success. More recent indicators suggest that nothing in that characterization has changed. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 Best of all, Fortnite's vaunted user growth is finally slowing. Between November 2018 and March 2019, registered users gained 25% to 250 million. That rate pales in comparison to between June 2018 to November 2018, which was 60%. Love It or Hate It, EA Owns Sports GamingIn some ways, Electronic Arts is a drug dealer. Every year, they release essentially the same game but with prettier graphics. Oh, and some new feature that may or may not resonate with fans. They get away with it because the consumer base is addicted.When it comes to the company's EA Sports division, the old rules (i.e., the customer is always right) don't apply. Since EA owns the most lucrative sports licenses -- NFL and FIFA -- discerning sports fans have few alternative options.I don't see management ever giving up this cash cow, which offers multiple esports synergies. Therefore, I'm inclined to believe the turnaround narrative of EA stock.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Tech Stocks to Buy for the Second Half of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 4 Semiconductor Stocks to Sell Compare Brokers The post 3 Reasons to Believe in the Contrarian Case for EA Stock appeared first on InvestorPlace.
Electronic Entertainment Expo (E3) 2019 witnessed major announcements from Microsoft (MSFT), Nintendo, EA and other gaming companies.
This year’s E3 was a bit of a mixed bag. Sony was completely absent, Microsoft was looking toward the future and Nintendo, as ever, was all about the games. The show came at an odd time in Nintendo’s release cycle.
Nintendo (NTDOY) doesn't do press conferences at the annual E3 event in Los Angeles. However, the company does live streaming that features upcoming releases. At this year’s expo, Nintendo made several major announcements. The company announced that Animal Crossing: New Horizons—which was previously slated for release this year—will now be delayed until March 2020. But it also said that a sequel to The Legend of Zelda: Breath of the Wild is in the works.
Nintendo released its 2019 game lineup. Here are the three biggest announcements from their presentation from Luigi's Mansion 3 to Animal Crossing: New Horizon.
Investors wiped more than $1bn off Nintendo’s stock market value on Wednesday after the Japanese video game maker delayed the launch of a key title until next year, skated around the hot topic of games ...
Luigi’s Mansion 3 -- is on schedule but failed to provide a release date. The 40-minute video, broadcast during the E3 game expo in Los Angeles this week, also highlighted support for the Switch from publishers and teased a sequel to mega-hit The Legend of Zelda: Breath of the Wild. Nintendo had been up 34% this year through Tuesday -- outpacing many of its rivals -- as new titles and expectations for additional hardware boost confidence that the company can navigate big changes in the industry.
Nintendo is bringing The Witcher 3: Wild Hunt to the Switch later this year, the company announced at E3 2019. The action RPG, created by CD Projekt, will be coming to the Nintendo's portable console in its "Complete Edition," which means it'll likely include all the DLC that's been available since 2015. Nintendo didn't say when, exactly, The Witcher 3: Wild Hunt will be available on the Switch, but we do know it'll be at some point in 2019. At least you have time to prepare yourself for your next fantasy.
Japan's the Pokemon Company said on Wednesday it was developing "Pokemon Sleep", a mobile app that tracks players' sleep and uses the data for gameplay, with a release date set for next year. "We want to turn sleep into entertainment," said Tsunekazu Ishihara, chief executive of the Pokemon Company, which helps manage the Pokemon franchise, at an event in Tokyo. At the same event, Kyoto-based Nintendo Co Ltd said it was developing a sleep-tracking successor to its Pokemon Go Plus device, which allows users to "catch" Pokemon without taking out their smartphones.
The Detective Pikachu title aims to cash in on the popularity of the eponymous movie released this month. The game could further boost demand for the Switch, although Pokemon did not announce a release date. The new Pokemon Go Plus + device will sync with Pokemon Go and is aimed at helping people develop healthy sleep habits and turning sleep into entertainment, Pokemon Chief Executive Officer Tsunekazu Ishihara said at the event.