|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||41.95 - 42.75|
|52 Week Range||31.38 - 54.48|
|Beta (3Y Monthly)||1.85|
|PE Ratio (TTM)||29.25|
|Forward Dividend & Yield||0.37 (1.04%)|
|1y Target Est||73.46|
Nintendo sold 2.47 million Switch consoles in the three months leading up to March 31st, 2019, bringing lifetime sales to 34.74 million. That's a tad disappointing for the house of Mario, which moved 2.93 million units in the same period last year. Nintendo sold 16.95 million consoles in the 2018 fiscal year (April 2018 to March 2019), just missing its annual sales target of 17 million -- a figure that the company had revised down from 20 million last quarter. There are some upsides, though. The Nintendo Switch has surpassed the Nintendo 64 in lifetime sales, and stands a good chance of topping the SNES, which managed 49.1 million, in the next financial year.
Bloombergsources maintain that Nintendo's more affordable console will "likely" arrive by the end of June, or not long after the big E3 expo in the middle of the month. The company hasn't said anything about the rumored new Switch, and might only indirectly confirm it by factoring it into its financial expectations for quarterly sales. Historically, Nintendo has saved much of its bigger news around this time of year for Direct presentations at E3.
Operating profit was 29.7 billion yen ($266 million) in the three months ended March, compared with the 36 billion yen average of estimates compiled by Bloomberg. For the current fiscal year, operating profit will be 260 billion yen, below the 350.2 billion yen expected by analysts. Shares have rallied this year on optimism that a cheaper version of the Switch, a stronger lineup of games and a potential entry into China will help overcome last year’s missteps and broaden Nintendo’s customer base beyond dedicated fans.
TOKYO (AP) — Japanese video game maker Nintendo Co. reported Thursday a 39% rise in profit for the fiscal year through March on healthy software sales for its popular Switch console.
Nintendo posted sales of its Switch video-gaming console in line with forecasts, and experienced strong growth in game sales, ahead of a potential push into the Chinese game market with Tencent. The Japanese ...
Japan's Nintendo Co Ltd said on Thursday it expects to sell 18 million Switch console units in the financial year through March. The Kyoto-based gaming company said it sold 16.95 million units in the year just ended, just below its forecast of 17 million units. At the end of January, Nintendo revised down its forecast of 20 million units that had been made before Chief Executive Shuntaro Furukawa took up the role in June.
The Latest on the NASDAQ, Amazon, Samsung, and Tencent(Continued from Prior Part)Nintendo is finally entering China Nintendo (NTDOY) recently announced that it’s selling its Switch console in China in partnership with gaming giant Tencent (TCEHY).
Nintendo’s stock has rallied 30 percent this year, the best start since 2015. Hedge funds even added to those positions last Friday -- the day Nintendo shares rallied 15 percent as China gave a nod to Switch game sales in the country. The clash raises the stakes for Thursday, when rookie President Shuntaro Furukawa will unveil financial results for the last fiscal year and guidance for the coming one.
Nintendo's (NTDOY) results for the quarter ending March 2019 are likely to benefit from solid game releases and record sales of Switch.
Nintendo Ltd/ADR (OTCMKTS:NTDOY) has enjoyed a resurgence over the past three years. Nintendo stock was in the doldrums during the era of the Wii U -- the followup to the Wii game console -- but it began to recover in 2016 with the release of Pokemon Go for smartphones and the company's announcement of the forthcoming Switch hybrid console. On Friday, Nintendo stock got its biggest single day boost since 2016 when it was announced the Switch will finally go in sale in China, the world's biggest video game market.Source: Nintendo Nintendo to Launch Switch in China On April 18, it was confirmed that Chinese gaming giant Tencent Holdings has received approval to sell the Nintendo Switch game console in China. Tencent is expected to bundle the switch with Nintendo's New Super Mario Bros. U Deluxe game.This was a huge win for NTDOY and resulted in Nintendo stock closing Friday up 17%, the largest single day gain for the company since July, 2016. That's much more than the near 5% boost Nintendo stock saw when reports broke last month that it had two new Switch consoles in the pipeline.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Healthy Dividend Stocks to Buy for Extra Stability Why the excitement and investor enthusiasm? The Switch launched in March 2017 and has been a hit for Nintendo, but the company has been unable to gain approval to sell it in China. And China is the world's largest market for video games. The country may be focused largely on PC gaming, but mobile is also big and getting bigger. And the portable Nintendo Switch is seen as a mobile gaming powerhouse.Because the Switch hasn't been officially available in the Chinese market, that also means there is now a deep catalog of Nintendo game titles that will available to bolster sales -- and Nintendo's earnings. The Chinese Video Game Market and Nintendo's AdvantageWhen it comes to video game revenue, China tops the U.S. as the world's largest market. It's estimated that in 2018, the industry generated $34.4 billion in China in 2018. Microsoft (NASDAQ:MSFT) became the first company to release a video game console in China in 16 years when it launched the Xbox One there in 2014. In 2015, Sony (NYSE:SNE) followed, launching the Playstation 4 in the Chinese market.Both of Nintendo's key game console competitors have had several years to establish a presence in China, but have failed to achieve significant sales numbers. That's because that huge Chinese video game market is utterly dominated by PC and mobile gaming. In 2016 -- with both the Xbox One and PS4 available -- console sales and games accounted for just 1% of China's video game revenue. Why the surge in Nintendo stock then? Besides PC gaming, China's other video game obsession is mobile. The Xbox One and PS4 are traditional game consoles, but Nintendo's Switch is a hybrid that is a fully functional mobile gaming system with a bigger display than a smartphone, superior controls, Wi-Fi connectivity and the room to store multiple games.Mobile gaming is seen as a key advantage that will help Nintendo to sell Switch units in China where the competition has failed. Even better, NTDOY's Chinese distribution partner Tencent Holdings is expected to release some of its own popular Chinese game titles on the Switch, boosting its appeal.There are still some hurdles to overcome, though. The date when the console will go on sale in China has net yet been announced. And Reuters points out that games need to undergo a separate government approval process before release, and that could delay them.Nintendo stock has taken some hits since last fall, with Switch sales beginning to slow. However, 2019 is beginning to look like it could be a big one for NTDOY investors. * 7 Tech Stocks With Too Much Risk, Not Enough Upside The two new Switch models reportedly on track for release later this year should help to re-invigorate sales during the holiday season. And cracking the Chinese video game market -- with its growing appetite for mobile gaming and a big player partner in Tencent Holdings -- has the potential to boost sales and NTDOY revenue to new levels.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 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Chinese Switch Release Leads to Nintendo Stock's Best Day Since 2016 appeared first on InvestorPlace.
Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice on the website of China’s Guangdong provincial culture and tourism department. A Nintendo spokesman confirmed that Tencent had applied for the sale of Switch hardware, but could not comment specifically on the Guangdong approval, saying it was just one part of the entire process. Nintendo’s stock surged 14 percent, the most since July 2016 at the height of the Pokemon Go frenzy.
Japan's Nikkei rose on Friday as investors snapped up cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China. Shares of Nintendo Co soared after China's Tencent won a key approval to begin selling Nintendo's Switch console in China, the world's largest games market.
Shares in Nintendo soared over 15.5 per cent to a six-month high in early trading in Tokyo on Friday on the prospect that the maker of Super Mario could begin selling its Switch video-gaming console in China for the first time. On Thursday, after navigating a long and complex negotiation with the authorities in Guangdong province, China’s Tencent won a landmark approval that would, in theory, allow it to sell the Switch machine throughout the world’s largest games market. Nintendo has remained wary of the Chinese market since Beijing lifted its ban on sales of foreign games consoles in 2014, but the sheer global power of its most famous characters — a pantheon that includes Mario, Zelda and Donkey Kong — means they are already widely recognised and loved.
Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won approval to sell its Switch console in China. The U.S. market rose supported by robust economic data, while industrial stocks rallied after China's commerce ministry spokesman said there had been new progress in U.S.-China trade talks. "The mood has recovered as the market has been able to confirm that a slowdown in the Chinese economy has hit the bottom and the U.S. and China are making progress in their trade talks as those were the market's main concerns," said Takashi Ito, an equity market strategist at Nomura Securities.
Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China's Tencent Holdings Ltd won a key approval to begin selling Nintendo's Switch console in the world's largest video games market. Friday's jump sent the shares to their highest price since October and pushed the year-to-date gain to 32 percent. Nintendo's U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong allowed Tencent to distribute the Switch console with a test version of the "New Super Mario Bros. U Deluxe" game.
Nintendo has partnered with Tencent to bring the Switch console to China. Nintendo shares surged on the news as investors hope it can work with Tencent to find success in the world's largest gaming market. Analysts cautioned that there are still regulatory hurdles to overcome and that the Switch wouldn't be immediately available.
BEIJING/TOKYO, April 18 (Reuters) - China's Tencent has won a key approval to start selling the Nintendo Switch in the country, paving the way for the console to enter the world's largest video games market two years after it was first released worldwide. Authorities in the southern Chinese province of Guangdong gave the green light on Thursday to Tencent Holdings to distribute the Nintendo Switch console with a test version of the "New Super Mario Bros. U Deluxe" game, a statement on the government's website showed.
Nintendo is the "Disney of games," says Atul Goyal of Jefferies. He explains why he has a buy rating and a price target of 65,600 yen for the stock.