|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||45.70 - 45.89|
|52 Week Range||24.12 - 45.89|
|PE Ratio (TTM)||32.43|
|Dividend & Yield||0.62 (1.40%)|
|1y Target Est||N/A|
Nintendo has had relatively limited business in China. Now a deal with Tencent has investors excited at the prospect that Nintendo’s Switch console and smartphone games could take off in one of the world’s ...
Credit Suisse sees Nintendo almost doubling the number of Switch consoles sold to 130 million units through 2022, up from Wall Street's projected 70 million.
Credit Suisse has upgraded Nintendo (7974.JP) to outperform from neutral as the broker now expects the Japanese video games maker to sell more of its Switch consoles over a longer sales cycle. Credit Suisse now forecasts Nintendo to sell 130 million Switch consoles through to 2022, up from 70 million, as it says the device sells like a handheld console rather than a traditional console. Here's Credit Suisse analyst Keiichi Yoneshima in his own words: As Nintendo’s Switch is a unique game platform for use as either a console or handheld, there was initially some uncertainty over whether its sales cycle would more closely resemble that of a console or handheld.