|Bid||337.25 x 10000|
|Ask||339.75 x 10000|
|Day's Range||331.00 - 337.90|
|52 Week Range||224.20 - 351.95|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||29.36|
|Forward Dividend & Yield||6.54 (1.94%)|
|1y Target Est||N/A|
Nintendo looks set to release wireless SNES controllers for the NintendoSwitch, which likely means it'll also be bringing classic SNES titles to itsNintendo Online virtual gaming library
There is a lot of buzz around gaming leader Nintendo, which is partnering with the world’s largest gaming company, Tencent, to enter the Chinese market.
Tencent and Nintendo said on Friday they were working together to localize the Japanese gaming firm's well-known Switch games for the Chinese market and set up a server through the Chinese company's cloud service. The two companies made the comments in a statement posted on their joint Weibo account, which did not mention when the console might be launched in China or its price. Chinese tech giant Tencent won a key approval in April to start selling the Nintendo Switch in China, paving the way for the console to enter the world's largest video games market two years after it was first released worldwide.
The Switch game system saw an increase in both hardware and software sales last quarter, and management has a lot more in store to drive growth.
Quarterly sales for the Switch remained brisk for Nintendo’s most recent quarterly earnings. With the new quarter factored in, Switch sales are now at 36.9 million for the life of the product. Nintendo, meanwhile, expects total unit sales to hit 18 million for the full year.
Japanese gaming company Nintendo Co Ltd on Tuesday reported a 10% decline in quarterly profit, far wide of market expectations, as a rise in costs dulled stronger sales of its hybrid home-portable Switch console. The Kyoto-based gaming company said it sold 2.1 million Switch consoles in the quarter, bringing the total installed base to 36.9 million units. It maintained its full-year sales forecast of 18 million units for the year ending March.
As successful as the Nintendo Switch has been , there's been a consistent headache: Joy-Con drift. Many gamers have reported the controllers' analog sticks registering non-existent input (hence drifting), forcing players to either adapt or send the peripherals in for repairs. There may be legal pressure to do something, though. Lawyers at Chimicles Schwartz Kriner & Donaldson-Smith have filed a class action lawsuit in the US against Nintendo alleging that its sells Joy-Cons knowing they're "defective." The suit also maintains that Nintendo refuses to fix the drifting for free, and hasn't even acknowledged the issue despite widespread reports.
(Bloomberg) -- Tencent Holdings Ltd. and Pokemon Co. will jointly develop games, an alliance that may help the Nintendo Co.-backed company crack the world’s largest mobile gaming arena.Tencent, whose WeChat social media service is used by more than a billion people across China, said its TiMi Studio Group will take the lead in developing titles with the Japanese company behind the popular monster-hunting franchise. The two have struck a broad agreement on collaboration, Tencent said in a post on its official Weibo blog without elaborating.The social media giant could prove a strong ally for Nintendo and Pokemon Co. in China, where local titles dominate and gamers have shunned consoles in favor of smartphones and PCs. Developers there have also complained of rampant piracy, where popular titles tend to trigger a wave of copy-cats.Tencent’s own “Let’s Hunt Monsters” has drawn fire for adopting many features of viral phenom ‘Pokemon Go,’ from the use of real-world locations to how players toss balls to capture monsters. The title has consistently ranked among the 30 highest-grossing apps in China, according to researcher Sensor Tower.Pokemon Co., in which Nintendo owns a significant stake, is looking to follow up on its surprise hit Pokemon Go, which created a sensation in the gaming community by letting users hunt monsters and prizes in the real world with their smartphones. In May, it unveiled several new initiatives at an event in Tokyo, including a Detective Pikachu sequel for the Switch console and a new device for tracking sleep.Tencent, in turn, gains a strong franchise to bolster its international presence. The Chinese company seeks growth beyond China and its executives have been keen to assuage game developers’ concerns about intellectual property infringement.“While Tencent has focused mostly on China in the past, we are now looking at the gaming sector with a much more global perspective,” TiMi executive Vincent Gao said in an interview in June. “This will make the company pay better attention to IP protection.”To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Lulu Yilun ChenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The murmurs of an upgraded Switch were true -- although you might want to put hopes for a Switch Pro on ice, at least for now. Nintendo has quietly unveiled a new revision of the standard Switch with dramatically improved battery life. Instead of the original's 2.5 to 6.5 hours, the new model manages a much healthier 4.5 to 9 hours. That's about 5.5 hours of Legend of Zelda: Breath of the Wild versus the earlier three hours, Nintendo estimated. You shouldn't have problems playing through a cross-country flight.
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 ...
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. The specifics are vague (one document literally says "change of SoC type") but it's safe to assume they'll be small upgrades that don't require a special model name. Sony, for comparison, took a similar approach with its quieter PS4 Pro last year .
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.
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 ...
Recently, reports emerged that the Nintendo Switch's Joy-Con controllers are liable to "drift," or move without any input from the user. This is a problem. And now Nintendo is addressing it. Vice obtained an internal Nintendo customer support memo that states that support members are now being told to offer users free repairs for the broken controllers, no questions asked and even if the controllers no longer fall under Nintendo's warranty. Additionally, those who paid for repairs are being offered refunds.
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?