|Bid||0.00 x 10000|
|Ask||0.00 x 10000|
|Day's Range||477.80 - 486.10|
|52 Week Range||260.00 - 491.05|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||41.64|
|Forward Dividend & Yield||9.05 (1.90%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||N/A|
(Bloomberg) -- Nintendo Co. announced a series of new games for its popular Switch console on Thursday, including two titles from Capcom Co.’s blockbuster Monster Hunter franchise that could further boost sales momentum for the hybrid hand-held.Monster Hunter Rise, coming on March 26, is an action game with realistic graphics in which players can track and slaughter massive beasts. Monster Hunter Stories 2: Wings of Ruin is another game in the series with cartoonish graphics that will be out next summer. The franchise, first introduced by the Osaka, Japan-based company in 2004, has released 49 titles and sold more than 64 million copies, Capcom said.The games have helped ignite hardware sales for the platforms they are available on, particularly in Japan. The most recent game, Monster Hunter: World, launched for Sony Corp.’s PlayStation 4, Microsoft Corp.’s Xbox One and PC. That particular game will not be coming to the Switch, Capcom said over the summer.“Monster Hunter has become a very successful franchise in the US,” said Mat Piscatella, an analyst at NPD Group, in a tweet. “Two games from the franchise coming to Switch in 2021 is huge. Looking forward to seeing how the new games do, lots of room for optimism here.”Nintendo has been hosting monthly online presentations to introduce games from outside developers since July to allay concerns among fans and investors that the Switch’s software release pipeline for this year may not stand up well against Sony’s next-generation PlayStation 5 and the Xbox Series X, both hitting the market in November. Nintendo President Shuntaro Furukawa said Wednesday that the company sees the Switch as midway through its life cycle and that a strong slate of new games can be expected next year and beyond.Other games announced for the Switch Thursday included a new entry in the Disgaea role-playing game series and a new boxing game.READ MORE: Nintendo Plans New Switch Games, Extending Console’s Life CycleFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With the United States still reeling under the coronavirus scare, videogame sales are likely to further get a boost.
(Bloomberg) -- Nintendo Co.’s Switch gaming console is in the middle of its life cycle and the company is preparing to give it a boost with a large injection of new games in the next year and beyond, company President Shuntaro Furukawa said in an online briefing Wednesday.Released in 2017, the Switch is now in its fourth year on the market but experiencing its fastest sales, boosted by the success of Animal Crossing: New Horizons and a global surge in entertainment demand caused by coronavirus lockdowns.Nintendo’s last quarterly earnings far surpassed expectations and showed an accelerated shift toward digital downloads as a proportion of software sales. However, the company said Wednesday that more recent reopenings of retail stores have pushed the download ratio of sales down.Read more: Nintendo Plans Upgraded Switch Console and Major Games for 2021The Kyoto-based games stalwart is planning an upgraded version of the Switch console and an accompanying slate of big-name titles for next year, Bloomberg News reported in August. Looking forward to 2021 and after, Furukawa said Nintendo plans “many games” for the Switch and added that the company intends to “continue developing hardware to pursue unique entertainment offerings,” without providing additional details.This year’s holiday season is going to be a fiercely contested time for console makers, with Microsoft Corp. and Sony Corp. planning to release new generations of their Xbox and PlayStation families. Nintendo is unlikely to suffer too much of a drop-off from its torrid year of Switch sales, however, according to Katsuhiko Hayashi of industry tracker Famitsu Group.“Our data suggest the Switch hasn’t fulfilled demand yet,” Hayashi said. “Switch sales are likely to gain further momentum at the year-end.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.