|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||43.95 - 46.53|
|52-week range||35.81 - 53.24|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||31.67|
|Forward dividend & yield||0.62 (1.34%)|
|Ex-dividend date||25 Sep 2019|
|1y target est||57.00|
The era of social distancing is going to put a lot of existing systems to the test. Nintendo’s online services for the Switch have been experiencing outages in the U.S. and parts of Europe. The company noted the issues on social media, adding that it’s “looking to rectify the situation as soon as possible."
Chinese tech giant Tencent said on Tuesday it would extend warranty for Nintendo Switches purchased in China via official channels before March 31 by six months as sales have been hit by the coronavirus outbreak. The virus has impacted Nintendo Switch sales, logistics, promotions and user experience in China to varying degrees, the company said in a statement on its official WeChat account. Tencent, which started selling Switches in China in December, is a local partner of Nintendo for its console games sales in the country.
The Zacks Analyst Blog Highlights: Microsoft, Electronic Arts, Activision Blizzard, Take-Two Interactive Software and Nintendo
The global online gaming market size is poised to reach $79 billion by 2025, supported by growing popularity among millennials and Gen Z globally.
Japan's Nintendo Co Ltd said on Thursday delays to production and shipping of its Switch console and peripherals like the Joy-Con controllers to the Japan market due to the coronavirus epidemic were "unavoidable". Nintendo CEO Shuntaro Furukawa said last week that production in China of the popular device was being impacted by the virus. Nintendo began moving part of its production to Vietnam from China in 2019 as supply chains were hit by the Sino-U.S. trade war, but it does not have enough capacity in the Southeast Asian nation to offset the disruption from the outbreak.
Nintendo Co Ltd's mobile partner DeNA Co Ltd said on Wednesday it was booking a 49.4 billion yen ($450 million) writedown as its gaming business falters in Japan's saturated mobile market. DeNA booked a 40.2 billion yen loss on goodwill related to U.S. gaming unit Ngmoco and a 8.1 billion yen loss on software, with the company saying it expects to report a loss in the year ending March. DeNA has partnered with Kyoto-based Nintendo on mobile titles including Mario Kart Tour, which has been widely downloaded since its September launch.
Activision's (ATVI) fourth-quarter 2019 results are likely to have benefited from strength in popular franchises despite intense competition.
Nintendo Co Ltd CEO Shuntaro Furukawa said on Friday the gaming company has no plans to launch a fresh Switch model this year, dampening rumors it will offer an upgraded version of the hit device. Nintendo launched a handheld-only version of its console in September, driving demand for the Switch through the year-end shopping season. The Kyoto-based company has long been rumored to be preparing an upgraded version of the hybrid home-portable Switch as it nears the end of its third year in the market.
Nintendo Co Ltd on Thursday raised the full-year sales forecast for its hit Switch console, after posting its highest quarterly profit in 10 years on strong demand for the device over the year-end shopping season. Nintendo raised its Switch sales forecast for the year ending March 31 to 19.5 million units from 18 million units in a previous estimate, and hiked its operating profit forecast by 15% to 300 billion yen. Operating profit for the October-December quarter rose 6% to 168.7 billion yen (1.17 billion pounds), versus 158.6 billion yen a year earlier.
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Activision Blizzard (ATVI) is benefiting from franchise strength. The upcoming launch of Galakrond's Awakening for Hearthstone expands its gaming portfolio.
This morning Nintendo announced that it's working on not one, but two downloadable expansions for Sword and Shield: The Isle of Armor (arriving June 2020) and The Crown Tundra (coming sometime "in the fall of 2020"). While this definitely isn't the first time Nintendo has dabbled with DLC, it is the first time they've done so with a main series Pokémon title. Considering that Sword/Shield is one of the best-selling Switch games of all time, it makes sense that Nintendo isn't quite ready to be done with it.
Take-Two Interactive (TTWO) announces the launch of new studio to expand portfolio and push the boundaries of interactive entertainment.
Nintendo today noted that the Switch just had its best-ever sales week in the States. Over the course of Thanksgiving week, the three-year-old console moved more than 830,000 units. Back in late October, the Switch hit the 15 million mark in the States.
TOKYO/BEIJING (Reuters) - Japan's Nintendo Co Ltd said on Wednesday it will officially launch its Switch gaming console in mainland China on Dec. 10 priced 2,099 yuan ($298) with local partner Tencent Holdings Ltd. Pre-orders for the console began at noon (0400 GMT) in China on Wednesday, opening a major front in Nintendo's drive to expand the reach of the home-portable Switch device beyond a core fanbase as it heads into the key shopping season. The launch, which aims to establish Nintendo's control over China's grey market for the device, includes popular game New Super Mario Bros U Deluxe and a one-year warranty.