NTDOY - Nintendo Co., Ltd.
| Previous Close | 43.46 |
| Open | 43.09 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 42.78 - 43.09 |
| 52 Week Range | 31.38 - 54.48 |
| Volume | 939,545 |
| Avg. Volume | 504,601 |
| Market Cap | 45.989B |
| Beta (3Y Monthly) | 1.85 |
| PE Ratio (TTM) | 29.77 |
| EPS (TTM) | 1.44 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.37 (1.04%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 73.46 |
- Motley Fool•7 hours ago
Tencent Teams up With Nintendo Again to Launch the Switch in China
But a sluggish Chinese approval process for games and weak demand for consoles could cripple the deal.
- InvestorPlace•18 hours ago
Chinese Switch Release Leads to Nintendo Stock’s Best Day Since 2016
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.
- Bloomberg•4 days ago
Nintendo Soars as Tencent Wins Switch Game Approval in China
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.
- Reuters•4 days ago
Nikkei posts 3rd weekly gain, Nintendo surges 14 pct
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.
- Financial Times•4 days ago
Nintendo shares soar on prospect of Tencent tie-up over Switch
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.
- Reuters•4 days ago
Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct
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.
Reuters•4 days agoNintendo shares jump 17 percent after Tencent wins key China Switch sales approval
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.
- CNBC•4 days ago
Nintendo shares surge more than 14% after tie-up with Tencent to sell Switch console in China
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.
- Motley Fool•4 days ago
Why Las Vegas Sands, Nintendo, and Pinterest Jumped Today
These stocks easily outperformed the broader market's gains.
- Motley Fool•5 days ago
Why Nintendo Stock Popped Today
The Switch console is finally headed to China. Here's what investors need to know.
- Reuters•5 days ago
Tencent wins key approval to sell Nintendo's Switch in China
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.
- Reuters•5 days ago
BRIEF-Nintendo Spokesman Says Tencent Has Applied To China's Guandong Provincial Authority To Begin Sale Of Nintendo Switch Console
April 18 (Reuters) - Nintendo Co Ltd: * NINTENDO SPOKESMAN SAYS TENCENT HAS APPLIED TO CHINA'S GUANDONG PROVINCIAL AUTHORITY TO BEGIN SALE OF NINTENDO SWITCH CONSOLE Further company coverage: (Reporting ...
- CNBC•10 days ago
Nintendo's big switch: Mario is finally going mobile, but the console king faces tough competition
Mario Kart Tour and Dr. Mario, Nintendo's most important mobile push, will launch this summer. Nintendo has moved slowly in offering iconic intellectual property on mobile. The Super Smash Bros., Mario and Zelda titles have retained top spots among the bestselling console and PC games in recent years.
- Bloomberg•11 days ago
Nintendo Returns to VR With $40 Headset
The Labo VR Kit, which went on sale Friday and starts at $40, is a build-it-yourself set of cardboard goggles and controllers for Nintendo’s Switch console. The VR system has been carefully designed to work within the limits of the Switch’s processing power, and to minimize the chances of making players dizzy or sick. If the VR kit sells, it could help enhance Nintendo’s games lineup without the company having to produce a bunch of new hits.
- Zacks•13 days ago
Microsoft (MSFT) Q3 2019 Earnings Preview: Cloud, Gaming, Office & More
Microsoft (MSFT) stock has outpaced the market in 2019. So, let's see what to expect from Microsoft's Q3 fiscal 2019 financial results that are expected to drop on April 25.
- Motley Fool•18 days ago
Amazon Teams Up With Nintendo for Its Latest Prime Perk
Amazon is offering Prime members a free one-year subscription to Nintendo Switch Online.
- TechCrunch•18 days ago
Nintendo is bringing Zelda and Mario into virtual reality
Nintendo's Labo VR kit may just be a little cardboard experiment, butNintendo is taking a chance on throwing its most beloved titles into theheadset
- Bloomberg•18 days ago
Nintendo, Game-Making Rivals Probed Over Contracts in Europe
Britain’s Competition and Markets Authority is looking at the annual rollover of contracts, and barriers consumers face to canceling them. The EU’s preliminary view is that Valve, Bandai Namco, Capcom, Focus Home, Koch Media and ZeniMax, prevent consumers from purchasing video-games in one country to play in another, which would be a breach of competition rules, the regulator said Friday. “In a true digital single market, European consumers should have the right to buy and play video-games of their choice regardless of where they live in the EU,” Competition Commissioner Margrethe Vestager said.
- Zacks•19 days ago
Buy Microsoft (MSFT), Not FAANG Stocks for Stable Growth & Income
Microsoft stock has outpaced FAANG stocks over the last 12 months and the historic, dividend-paying software powerhouse has continued to expand and reinvent itself, growing in everything from cloud computing to artificial intelligence.
- TechCrunch•24 days ago
Yoshi's Crafted World is classic gaming joy, Nintendo-style
In 1995, Yoshi had his moment. The character’s Super Mario World debut was so strong, Nintendo handed the dinosaur sidekick his own sequel. Super Mario World 2: Yoshi's Island was regarded as an instant classic for the Super Nintendo.
- CNBC Videos•yesterday
Nintendo in China is a 'big deal,' says Jefferies
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.
