|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.26 - 47.98|
|52 Week Range||31.38 - 48.68|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||33.26|
|Forward Dividend & Yield||1.48 (3.13%)|
|1y Target Est||73.46|
In this week's most important stories, Nintendo unveils a more portable version of the Switch. Meanwhile, a report says Amazon is readying a robot because why not?
The Nintendo Switch Lite is a smaller, portable only version of the Nintendo Switch that we know and love. Arriving this September.
Shares of Nintendo Ltd/ADR (OTC: NTDOY ) were on the rise again Thursday after an upgrade from Wedbush following the company’s announcement of the handheld Nintendo Switch Lite. The Analyst Michael Pachter ...
Amazon (AMZN) is partnering with Leyou Technologies in order to co-develop online multiplayer game based on The Lord of the Rings.
A new Nintendo Switch might be on the way. No, we're not talking about the Switch Lite, or the long-rumored Switch Pro, which as its theoretical name implies would offer a sizeable bump in performance. As The Verge notes, some FCC filings suggest that Nintendo is refreshing the original Switch with a new processor and flash storage.
Shares in Nintendo hit a nine-month high on Thursday after the videogame giant announced a new, cheaper version of its flagship console. The jump in the Kyoto-based company’s share price came on the back of its announcement of the Switch Lite, a budget edition of its best-selling Switch gaming system. Investors hope the new device will boost demand for the Switch, which has sold about 35m units worldwide since its 2017 launch.
Japan's Nikkei rose on Thursday after the Federal Reserve chief cemented expectations of a U.S. rate cut later this month, while Japan Post Insurance put the sector under pressure as it dived after admitting mismanagement in handling insurance policies. On Wednesday, Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.
Shares in Japan's Nintendo Co rose more than 4% on Thursday after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. The Kyoto-based company said the new device would launch on Sept. 20 at a suggested retail price of 19,980 yen, or $199.99, compared with $299 for the Nintendo Switch. Nintendo shares had risen on media reports earlier this year of a low-cost version of the Switch console, only to be battered after management appeared to dampen such speculation over the past few months.
Japan's Nikkei advanced on Thursday morning after the Federal Reserve chief cemented expectations of a U.S. rate cut later this month, while Japan Post Insurance dived after it admitted mismanagement in handling insurance policies. On Wednesday, Federal Reserve Chairman Jerome Powell reassured investors about the potential for an interest rate cut later this month.
(Bloomberg) -- Nintendo Co. introduced a cheaper version of its portable Switch gaming console, as the Japanese company seeks to expand the potential market for games.The Switch Lite will retail for $199.99, or $100 less than the original device, in time for the all-important holiday shopping season. The new console will be released Sept. 20 and comes in yellow, gray and turquoise, the company said in a statement. Nintendo’s shares climbed as much as 4.5% in Tokyo.Nintendo shares have rebounded this year on optimism that the cheaper Switch, a stronger pipeline of games and a potential entry into China will help overcome last year’s missteps and broaden Nintendo’s customer base beyond dedicated fans. Still, analysts have struggled to understand how much a lower priced device will expand the Switch’s market. In April, Nintendo gave a muted financial forecast that stunned investors and analysts, sending shares sliding.“The sooner-than-expected launch suggests the new handheld console is highly likely to steadily capture year-end commercial season demand,” Citigroup analysts Minami Munakata and Yui Shoji said in a research note. “That said, we doubt the new device is likely to significantly change overall (fiscal 2020) shipments, given that some gamers, particularly in Japan, have been delaying Switch purchases.”The original Nintendo Switch, which launched in March 2017, allows people to play in three different modes -- handheld, tabletop and television-- while the Switch Lite is designed for handheld mode.Now Sony and Nintendo Really Have to Worry About MicrosoftWhen the hybrid console originally debuted, it was seen as classic Nintendo — a new gadget that broke the norms of conventional video games. Equipped with a built-in screen and hypersensitive controllers, the Switch was billed as a worthy successor to the Wii, Nintendo’s rule-breaking blockbuster console.The goal was to make the gaming experience as seamless as possible, while letting people use the product in new ways, such as turning it into a virtual piano or motorcycle. But so far, the Switch has struggled to find customers beyond a core fan base. The company shipped 17 million Switch consoles last fiscal year and forecast 18 million for the current period, less than analyst projections for 18.5 million.The cheaper Switch is aimed at expanding the market so more people will buy the company’s games. Characters like Super Mario, Luigi and Donkey Kong are among the most recognized in the industry.In April, with the new console in the works, analysts were baffled by Nintendo’s forecast that it will sell 125 million new software titles, significantly below market expectations for 161 million and lower than all but one of 10 projections tracked by Bloomberg.Japanese companies including Nintendo are known for making conservative estimates at the start of each fiscal period. But even by those standards, President Shuntaro Furukawa’s projection stood out amid a blockbuster games lineup this year and expectations for stronger hardware growth, which drives software sales. The company may be wary of repeating last year’s mishap, when it issued bullish guidance and then had to cut it later.“Adding Nintendo Switch Lite to the lineup gives gamers more color and price point options,” Nintendo of America President Doug Bowser said in the statement. “Now consumers can choose the system that best suits how they like to play their favorite Nintendo Switch games.”(Updates with share action and analyst’s comment from the second paragraph.)To contact the reporters on this story: Yuki Furukawa in Tokyo at email@example.com;Yuji Nakamura in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Reports have emerged Nintendo (OTC: NTDOY ) is releasing a lower-cost Nintendo Switch Lite on Sept. 20, and it will cost $199. According to Cnet’s Scott Stein , this Lite version isn't a sequel to the ...
Wedbush analyst Michael Pachter upgraded Nintendo Co. Ltd. shares to outperform from neutral on Wednesday, following the company's announcement of the Nintendo Switch Lite, which will sell for $200 and become available on Sept. 20. U.S.-listed shares have rallied 4.2% in Wednesday trading. "We expect the introduction of the Nintendo Switch Lite to drive hardware and software sales well above FY:20 guidance, and maintain the company's positive momentum into FY:21," Pachter wrote. He cited the device's "compelling form factor and color set" as well as its lower price point. "The timing of the release appears favorable given that it is roughly two months ahead of Black Friday, and occurring at a time when sales of the PS4 and Xbox One should ramp down ahead of the console refreshes from Sony and Microsoft at holiday 2020, giving Switch Lite a roughly fourteen month head start," he wrote. Nintendo shares have gained 37% so far this year, while the TOPIX index has risen 5.2%.
The Nintendo Switch Lite has been announced and it will be coming out on Sept. 20.Source: NintendoHere's what we know so far about the upcoming Nintendo (OTCMKTS:NTDOY) console. * Nintendo will be charging $200 for the device, which is $100 less than the normal Switch. * The Switch Lite will only work in handheld mode. * This means that players won't be able to use the game console with a dock to connect it to the TV. * There also isn't a kickstand on the device so it won't work in tabletop mode, either. * Another thing to note about the Nintendo Switch Lite is that it doesn't feature detachable controllers. * Instead, the controllers are built into the console. * There have also been some changes to these controllers over the normal Joycons. * The most noticeable is the decision to include a traditional Dpad. * The device also doesn't include the IR sensor on the normal Joycon either. * What this means is that the Nintendo Switch Lite won't be able to make use of motion controls. * To go along with this is the lack of HD rumble on the device. * The Nintendo Switch Lite will come out in three colors: Grey, Turquoise and Yellow. * A special Zacian and Zamazenta Edition will also be available at launch to match the new legendary Pokemon in Sword and Shield. * There are also larger bezels around the display and it appears to be slightly depressed in, which may help prevent scratching the screen.You can follow this link to learn more about the Nintendo Switch Lite.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Nintendo Switch Lite: 14 Things to Know About the September 20 Release appeared first on InvestorPlace.
The changes mostly seem in service of brining the price down, since it willretail for $199 when it goes on sale in September
(7974) said on Wednesday it will launch a new, smaller, and cheaper Switch console later this year called the Switch Lite. “Adding Nintendo Switch Lite to the lineup gives gamers more color and price point options,” said Nintendo of America President Doug Bowser in a news release. The Switch Lite is slated to be released on Sept. 20 at a suggested retail price of $199.99.
Nintendo has unveiled a new Nintendo Switch called the Nintendo Switch Lite. As the name suggests, this console is a bit cheaper than the original Nintendo Switch, but it comes with a few drawbacks. The biggest difference between the Nintendo Switch and the Nintendo Switch Light is that you can’t connect the Switch Light to a TV.
Nintendo Co Ltd plans to shift part of the production of its Switch gaming console to Vietnam from China to diversify manufacturing sites, a spokeswoman at the Japanese video game maker told Reuters on Tuesday. The move would make Nintendo the latest company to relocate production out of China amid a Sino-U.S. trade war punctuated by tit-for-tat import tariffs spanning industries. Nintendo, which outsources almost all Switch console production to contract manufacturers in China, plans to make the partial shift to Vietnam this summer, the spokeswoman said.
Nintendo has been slowly expanding how and where you can play Tetris 99. A few months later, Nintendo offered downloadable content, so users could play the game offline. Nintendo appears to be planning an offline multiplayer mode.
Cloud gaming — however a company chooses to define that — is shaping up to bea big part of the next generation of consoles and other platforms