|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||34.65 - 36.04|
|52 Week Range||31.38 - 57.96|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||24.64|
|Forward Dividend & Yield||0.37 (1.12%)|
|1y Target Est||73.46|
Nintendo Co. said Thursday that Reggie Fils-Aimé, its longtime president of the U.S. division, is retiring in April. Mr. Fils-Aimé came to Nintendo of America in 2003 serving in the company’s sales and marketing department and became its president and operating chief in May 2006. The Japanese videogame publisher credited Mr. Fils-Aimé with expanding the reach of some of its most popular products in the U.S. such as its Wii Sports and Wii Fit games.
Doug Bowser will succeed Fils-Aime as president on April 15, the video-game maker said Thursday in a statement. Bowser currently oversees sales and marketing at Nintendo, which includes efforts to promote the Switch console. The Switch has been met with weak demand as the Kyoto-based company struggles to expand the system beyond a core user base.
A little more than a week ago, Hirotoshi Murakami, an analyst who had been upbeat on Nintendo (OTCMKTS:NTDOY) stock for some time, downgraded NTDOY from a "buy" to a "neutral." Nintendo stock subsequently fell more than 6%, adding to a downtrend that had been in place since March of last year.Source: Shutterstock The downgrade of Nintendo stock was understandable, as was the market's reaction. Nintendo's popular gaming console -- the Switch - has indeed likely peaked in terms of unit sales, as Mitsubishi UFJ Morgan Stanley's Murakami suggested. And, inasmuch as the Switch platform is seemingly the company's most important pillar right now, the owners of Nintendo stock can't readily identify other, meaningful growth catalysts.Those growth engines are actually in place, however. They're just difficult to see within the fast-moving, ever-changing world of video games.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Smart Money Stocks to Buy Now Peak Nintendo?Murakami, the Mitsubishi analyst, wrote: "We think the (Nintendo) shares priced in the earnings peak in 2018 and are headed for a post-peak phase."And late last month, the company dialed back its sales forecast for the current quarter (ending in late March) from 20 million units to 17 million units.It's not the end of the world. But it's certainly far from encouraging.It may also be irrelevant. Philosophical ShiftThe average investor who's not much into video games will struggle to understand this, but this is not the Nintendo of old, that launched the Switch's disappointing predecessor, the Wii U.The old Nintendo, in the Wii and handheld DS era of a decade ago, sought to create simple games that would be accessible and eventually lead casual gamers to more complex titles. Gamers flocked to the Wii at a time when the market was hungry for something new, but not enough players made the leap to the more complex games, perhaps explaining the lackluster interest in the novel-but-similar Wii U.Indeed, neither gamers nor Nintendo ever fully understood the Wii U's position in a world that included higher-performance consoles from rivals Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE). and a world with tablets and smartphones that offered more than enough casual games to keep many players interested. Nintendo's limited library of casual games kept the Wii U from becoming a big hit.The Switch arguably changed that dynamic, offering console quality and plenty of portability.The Switch also brought more in-depth, hard-core titles to the table than the company's previous consoles had offered, enabling it to take some market share from the PlayStation and the Xbox.GamesIndustry.Biz's Ishaan Sahdev summed up the years-long evolution last week, explaining:"While the DS and Wii were fantastic innovations for their time (and helped spark the smartphone gaming boom that would play a major role in expanding the gaming population), Nintendo's long-term strength has always been its ability to create deep, engaging games that keep bringing people back for more. With the industry finally at a point where games are a widely accepted hobby, the company can be confident in its game design philosophy, without feeling the need to reinvent the wheel every time."The Switch will never catch up with the Xbox or PlayStation in terms of sales, but it's provided a much-needed learning experience for NTDOY. It's also led to Nintendo embracing new ideas rather than resisting them. Life After ConsolesChief among those ideas is the advent of Nintendo's non-console, mobile division.Pokemon Go, released in mid-2016, confirmed what many had suspected: A familiar Nintendo franchise had a place in smartphone ecosystems, providing a new kind of mobile gaming experience. Super Mario Run, released later that year, verified that there was a market for Nintendo's mobile games.Owners of Nintendo stock have heard little about the company's mobile, non-console efforts since then, but it's clear that the video-game maker has learned and forged ahead. Its Fire Emblem Heroes game, for Android and iOS, has generated $500 million of revenue since launching in early 2017.It's a data nugget that underscores a comment from Nintendo President Shuntaro Furukawa. In January, he explained "In the long-term, perhaps our focus as a business could shift away from home consoles - flexibility is just as important as ingenuity," adding, "I'd like to increase the (amount of) games on smartphones that have a continuous stream of revenue."It's not just mobile's potential for recurring revenue that is causing Furukawa to adopt that view , however. Stealing a page from the playbooks of Sony and Microsoft, NTDOY is increasingly viewing consoles as a recurring revenue center.Furukawa says "I think that the number of hardware units in active use is an equally important KPI (key performance indicator) … The reason why these numbers in active use are important is because consumers who continue to play with the hardware have more opportunities to purchase subsequent software."Aside from a willingness to make deeper, more engaging titles that heavy-duty gamers can latch onto and driving more recurring revenue, Furukawa is looking for more licensing opportunities. "We're also dabbling in theme parks and movies - different ways to have our characters be a part of everyday life," he notes. The Outlook of Nintendo StockDon't misread my message. The fading Switch will take a toll on Nintendo's bottom line, putting more pressure on Nintendo stock.But investors would be wise to look beyond the rhetoric and the temporary headwind working against NTDOY stock. The company has learned much in just the past year and a half, and Shuntaro Furukawa stepped into the role of President in the middle of last year with a pretty clear understanding of what Nintendo was, and wasn't, and the directions in which it needs to go.The company's financial outlook may not be as weak as it seems on the surface, even as the Switch loses steam. This is not the aimless NTDOY of just a few years ago.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Cheap Stocks to Buy Right Now * 5 Stocks Under $5 to Buy Before They Soar * 5 Consumer Stocks to Cash Out Of Compare Brokers The post Nintendo Doesn't Need Eye-Popping Switch Sales to Thrive appeared first on InvestorPlace.
The company's latest and greatest graphics chips failed to find a market over the holidays. Management hopes that the next quarter will form the bottom of this downturn.
The 1993 title debuted on the Game Boy and changed what we thought Nintendo's humble handheld console was capable of. Indeed, the game was nearly as deep and vast as A Link to the Past on the Super NES. It's a game that Zelda fans regard as one of the best in the series, and yet it hasn't been shown nearly as much love from Nintendo.
Among the most promising new games are Super Mario Maker 2, which will go on sale in June, and Zelda: Link’s Awakening slated for some time this year. The company made the announcement in a regularly scheduled Nintendo Direct webcast. Nintendo last month cut its forecast for Switch shipments to 17 million units, from 20 million units for the fiscal year through March.
The award-winning game Hellblade: Senua's Sacrifice is bound to mess with morepeople's heads now that it's confirmed for the Nintendo Switch
It could be a tagline for just about any of the run-and-gun shoot 'em up battle royale games that are so popular right now, à la Fortnite or Apex. Nintendo only touched on it for about 40 seconds (so details are a bit light), but the company says it's releasing later today a free-to-play, 99-player version of Tetris called Tetris 99. It'll be a free download for Nintendo Switch Online members.
Nintendo has ruined my life, and all our lives, by announcing Super Mario Maker 2, the sequel to the level-constructing game on Wii U that produced thousands of devious levels for those who think the "real" games aren't hard enough. Gamers have been asking for this basically since the Switch was first rumored. No doubt this will be a huge draw for Nintendo's Switch Online service, which will likely not only allow you to share your levels and try those of others, but — if Nintendo listened to its player base — compete with ghosts and other multiplayer features.
Over the last several years, few investment sectors have generated as much buzz and excitement as video game stocks. As gaming culture evolved from a niche subgroup to a global, mainstream phenomenon, both game makers and console manufacturers have enjoyed spectacular growth.At the same time, mass anticipation is a double-edged sword. When video game publishers establish dominance with their flagship titles, Wall Street expects sustained success. When that doesn't happen, the volatility among gaming stocks is often brutal.Unfortunately, investors got a taste of that whiplash when several high-profile game developers disappointed with their latest releases.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, 2018 represented bad timing and misfortune for even the best stocks in the gaming arena. The broader selloff that occurred in the final quarter of last year took down most publicly traded companies. Further, the ongoing U.S.-China trade war did video game stocks no favors. After all, the Asia-Pacific region holds the largest market for the industry.But it wasn't just "big picture" trends that negatively impacted gaming stocks. Competitive threats, such as Epic Games' free-to-play (FTP) title Fortnite, have forced mainstay contenders to reexamine their business model. Fortnite makes its revenues off of in-game purchases, which is a relatively new phenomenon.Despite obvious challenges, video game stocks also offer contrarian optimism. These companies tend to feature boom-bust cycles. A cursory look at their technical charts indicates that we're in the bust phase of that cycle. If you follow through with the logic, now may be the ideal time to load up. * Buy These 5 Stocks to Play the Megatrend of the Century Plus, gaming stocks tap into a proven and viable growth market. Engagement across demographic categories is only increasing. Eventually, the top names will find their way out of their malaise.So with that in mind, let's discuss the seven best stocks for any video game portfolio!Source: Dalvenjah via Flickr Sony (SNE)I'm about to upset fans of rival gaming consoles. However, the numbers don't lie. When it comes to video game stocks, Sony (NYSE:SNE) stands above the rest. Last month in a press conference before the Consumer Electronics Show, SNE announced that lifetime sales of its PlayStation 4 console hit nearly 92 million units.To put this haul into perspective, the predecessor PS3 -- a successful release in its own right -- sold 84 million units. Of course, the difference is that the current-generation PS4 still has some shelf life left. What this outrageous popularity tells us is that the PS5, when it finally comes out, will once again dominate.That's a bold statement, considering that I just stated that gaming stocks suffer frequent volatility. But SNE leverages an enviable content umbrella. With that advantage, I expect them to gain significant mileage through PlayStation-exclusive titles.Source: Shutterstock Microsoft (MSFT)Coming in second place is typically a disappointing result, especially if you're an alpha dog like Microsoft (NASDAQ:MSFT). That said, the software and cloud-computing giant's Xbox One console is no slouch, having shipped more than 40 million units worldwide.Initially, it appears that MSFT is choking on Sony's tailpipe. Much of that is due to the latter's content advantage. However, nothing much separates the two consoles from a technical perspective. Also, the predecessor Xbox 360 sold 86 million units worldwide, eclipsing the PS3. Some extra life remains before the successor rolls around, so the current tally will likely increase.In addition, MSFT levers its own exclusive titles, such as the ultra-popular Halo series. That and Microsoft's unbeatable reach in computer software and relevant hardware makes Microsoft one of the best gaming stocks to buy. Nintendo (NTDOY)Back in the 1980's, Nintendo (OTCMKTS:NTDOY) offered a paradigm shift among video game stocks. Prior to Nintendo's iconic console format, consumer video games were clunky affairs. Future versions, such as the Super Nintendo, helped bridge the performance gap between arcade machines and home-entertainment systems.Usually in the tech sector, going retro is not an attribute. For instance, you'll never see me work on an Apple (NASDAQ:AAPL) IIc computer. But with gaming stocks, nostalgia drives big revenues. NTDOY released miniature versions of their classic consoles to rave reviews. At one point, these retro offerings beat PS4 and Xbox One sales, prompting copycat responses.But NTDOY isn't just about profiting from past successes. Instead, Nintendo has found new life with its unique Switch product. With this hybrid home-and-portable console, Nintendo aims to drive sales to multiple members of each household. With a personalized flair and attractive pricing, the Switch might be a gamechanger.Source: Dennis Amith via Flickr (Modified) Sega Sammy (SGAMY)I've always viewed the predecessor to Sega Sammy (OTCMKTS:SGAMY) as the "bad boy" among video game stocks. Covered in an all-black chassis, and emblazoned with futuristic font, the iconic Sega Genesis contrasted sharply with Nintendo's family-friendly consoles. Some of its games, including Mortal Kombat (with the "blood code") lived up to the bad-boy hype.Unfortunately for Sega fans, the Genesis and its successor Saturn couldn't keep up with Sony and Nintendo. Eventually, Sega would give up on the console business altogether, instead focusing on video-game development and publishing. Later, Sega and pachinko-machine manufacturer Sammy merged to form SGAMY.Admittedly, SGAMY is the riskiest name within companies that have gaming-hardware exposure. That said, favorable Japanese legislation towards casinos can potentially breathe new life into Sega Sammy. Plus, SGAMY reserves the option to tap into the nostalgia market with its own throwback console.Source: Shutterstock Electronic Arts (EA)Within the development and publishing sphere, very few names have achieved the far-reaching success of Electronic Arts (NASDAQ:EA). However, no one also knows how to shoot themselves in the foot like EA. After dominating most other video game stocks, EA came crashing down due to their own hubris.Gamers blasted Electronic Arts for botching their Battlefield V launch. What once was supposed to be their hallmark moment turned into a PR nightmare. Adding to the woes, the game itself had multiple bugs. Several critics pointed out that the gameplay was boring, suggesting that EA released the title prematurely.Naturally, EA stock bombed. However, the markets assume that the company won't learn from its mistake, which is itself a mistake. For instance, EA recently released an FTP game called Apex Legends, which has gained significant traction. Plus, with another Star Wars movie coming up, EA can leverage its exclusive license.Source: Via Rockstar Take-Two Interactive Software (TTWO)Perhaps no other name among video game stocks highlights the sector's volatility than Take-Two Interactive Software (NASDAQ:TTWO). Relative to the competition, TTWO produced solid results for its recent earnings report. It exceeded consensus targets for earnings per share, although it missed revenue expectations.What did TTWO in, though, was a poor sales outlook for the upcoming Q4. However, I think the Street is missing the forest for the trees. What the earnings print revealed was that Take-Two is one of the gaming stocks least impacted by Fortnite. A resounding performance from the company's flagship title, Red Dead Redemption 2, ensured that competitive privilege.Additionally, the markets apparently have not figured in Take-Two's in-game purchases, which increased 31% against the year-ago quarter. Since such purchases drove Fortnite's financial success, logically, this metric bodes well for TTWO stock. Ultimately, I agree with our own Ian Bezek: Take-Two is the most convincing among the contrarian cases for video game stocks.Source: Wikipedia Ubisoft Entertainment (UBSFY)Ubisoft Entertainment (OTCMKTS:UBSFY) perfectly demonstrates the need to strike while the iron is hot. Last year, UBSFY was on the verge of returning nearly 60% profits. That would have made it one of the best stocks to buy in the gaming industry. However, the broader market selloff negated almost all those gains.Even this year, UBSFY has proven incredibly volatile. In early February, shares were up over 15%. Now, they're under parity. But like the other names on this list, I think the Street is overreacting to competitive threats. While FTP games have currently altered the landscape, their longer-term impact remains unproven.Moreover, I really like Ubisoft's content portfolio. Among its library of compelling games, UBSFY is most famous for its Assassin's Creed series. Plus, UBSFY is getting serious mileage out of its ultra-popular shooter Rainbow Six Siege. I expect unprecedented demand should the company release a sequel soon.As of this writing, Josh Enomoto was long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post The 7 Best Video Game Stocks to Power Up Your Portfolio! appeared first on InvestorPlace.
Nintendo is making a major change at the top of its U.S. division. Yahoo Finance's Alexis Christoforous and Dan Howley discuss.