Streetbeat News

NTDOF

Nintendo Co. Ltd

https://www.nintendo.co.jp/

Industry

Doll, Toy, and Game Manufacturing

Open

52.70

Mkt cap

61B

Volume

High

52.70

P/E Ratio

28.93

52-wk high

61.33

Low

52.36

Div yield

0.02

52-wk low

44.48

Sony is set to release the PlayStation 5 Pro on November 7, featuring a 45% performance boost and priced at $700. This launch aims to boost sales ahead of the holiday season. Sony's recent financial performance showed a 2% revenue increase, with a decline in PlayStation 5 sales. Investors can access Sony through ETFs like PID and KOMP.

Portfolio Pulse from Anusuya Lahiri

September 10, 2024 | 6:31 pm

Nintendo has informed developers that the release of its next gaming console, the 'Switch 2,' will likely not occur before April 2025. The new console is expected to feature a larger 1080p screen, magnetically attached controllers, and compatibility with existing Switch games. Nintendo aims to sell an additional 13.5 million units of the current Switch by the end of the fiscal year.

Portfolio Pulse from Anusuya Lahiri

August 14, 2024 | 5:42 pm

Last week in consumer tech saw Amazon's Q1 FY24 sales surpass expectations, Microsoft and Sony enhancing gaming offerings, Ubisoft and Nintendo announcing new game details, and Apple facing challenges with iPhone sales and AI advancements. Elon Musk criticized Meta and highlighted X's design overhaul. Palantir's CEO made controversial remarks, and the EU considered a TikTok ban. Amazon's AI business achieved a multibillion-dollar revenue rate, while Apple teased future AI developments.

Portfolio Pulse from Lekha Gupta

May 06, 2024 | 2:41 am

The video game industry is experiencing a shift in revenue generation channels, with a surge in popularity and financial contribution of virtual in-game goods and subscription services like Microsoft's Game Pass. Gamers are expected to spend nearly $21 billion on in-game items and subscription services this year. This shift is causing challenges for console creators, developers, and publishers like Sony, which relies heavily on exclusive premium titles for its PlayStation 5 console. Major console publishers, including Activision Blizzard, Take-Two Interactive Software, and Electronic Arts, are recalibrating their strategies to adapt to this trend.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 12:46 pm

Warren Buffett's Berkshire Hathaway sold 70% of its stake in Activision Blizzard in Q2, missing out on potential gains from Microsoft's approved takeover of the video game maker. Berkshire's remaining Activision stake is the same size as before Buffett started buying, suggesting he has exited the arbitrage bet. Microsoft has also made deals with Nvidia, Nintendo, and Sony to discourage opposition against the merger.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 12:26 pm

Microsoft Corp (MSFT) and Activision Blizzard, Inc (ATVI) are reportedly considering giving up some control of their cloud-gaming business in the U.K. to appease regulators and complete their $69 billion merger by July 18. This could involve selling off the cloud-based market rights for games in the U.K. Both companies believe the deal can be closed before the deadline, despite opposition from U.S. and U.K. regulators fearing anticompetitive repercussions.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 11:41 am

Activision Blizzard's stock is trading lower amid reports of a possible new investigation on the Microsoft takeover deal to reverse a U.K. veto. The Competition and Markets Authority (CMA) has applied to put the appeal trial against its decision to block the deal on hold. Microsoft and Activision are considering modifying the transaction. Microsoft had already forged deals with Nvidia, Nintendo, Boosteroid, and Nware to win regulatory support for the deal.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 1:04 pm

Comcast CEO Brian Roberts is expected to make a major move in gaming acquisitions and streaming expansion. Analysts predict potential deals with Nintendo, Take-Two Interactive, and Activision Blizzard. A merger with Warner Bros. Discovery could boost Comcast's streaming presence, but regulatory hurdles make gaming more attractive.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 2:22 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.