Streetbeat News

NTDOY

Nintendo Co. Ltd

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

Employees

1

Industry

Other Gambling Industries

nintendo co., ltd., together with its subsidiaries, develops, manufactures, and distributes electronic entertainment products in japan, the americas, europe, and internationally. it offers video game platforms, playing cards, karuta, and other products; and handheld and home console hardware systems and related software. the company was formerly known as nintendo playing card co., ltd. and changed its name to nintendo co., ltd. in 1963. nintendo co., ltd. was founded in 1889 and is headquartered in kyoto, japan.

Open

13.52

Mkt cap

62B

Volume

131K

High

13.52

P/E Ratio

29.00

52-wk high

15.01

Low

13.34

Div yield

N/A

52-wk low

11.27

Nintendo ADR (OTC:NTDOY) plans to discontinue online support for 3DS and Wii U consoles in April 2024, with only the Pokémon Bank app remaining accessible online. This will affect online co-op, rankings, and data distribution for these consoles. The company also announced that the Nintendo Badge Arcade will no longer be available. Nintendo President Shuntaro Furukawa confirmed plans to support the Nintendo Switch console with new games until at least the end of the 2025 financial year.

Portfolio Pulse from Franca Quarneti

October 05, 2023 | 9:06 pm

Nintendo Company Ltd (OTC:NTDOY) has confirmed its commitment to support the Switch console with new games until at least the end of the 2025 financial year. Despite a decline in Switch sales, the company is focusing on bolstering demand for the Switch. Nintendo's next-generation console, set for release in the second half of 2024, reportedly offers portability like the Nintendo Switch and includes a cartridge slot for physical games.

Portfolio Pulse from Franca Quarneti

October 03, 2023 | 5:48 pm

Epic Games, the creator of Fortnite and Unreal Engine, is reportedly laying off 16% of its workforce, which equates to around 900 employees, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:56 pm

Capcom Co., Ltd's COO Haruhiro Tsujimoto stated that the company would decline any potential acquisition offer from Microsoft Corp. This statement was made in response to leaked documents showing Capcom as a potential acquisition target for Microsoft. Tsujimoto emphasized Capcom's preference for organic growth and developing talent in-house, stating that the company has no intention of acquiring other companies.

Portfolio Pulse from Franca Quarneti

September 26, 2023 | 10:21 pm

The Nintendo Switch version of Warner Bros. Discovery Inc's (NASDAQ:WBD) Mortal Kombat 1 has faced criticism for its subpar graphics and performance issues. Ed Boon, the chief developer from NetherRealm, assured that the game will undergo significant improvements. The game's pricing, which matches that of its counterparts on more powerful consoles at $70, is also a point of contention. Actress Megan Fox, who plays Nitara in the game, has faced backlash for her voice acting.

Portfolio Pulse from Franca Quarneti

September 21, 2023 | 10:15 pm

In a leaked email from 2020, Microsoft Gaming CEO Phil Spencer expressed interest in acquiring either Nintendo or Valve. The email was revealed as part of the FTC lawsuit aimed to block Microsoft's proposed merger with Activision Blizzard. Spencer described Nintendo as a prime asset for Microsoft in gaming and mentioned having conversations with Nintendo's leadership about closer collaboration. However, he acknowledged that a near-term merger with Nintendo didn't seem feasible.

Portfolio Pulse from Franca Quarneti

September 20, 2023 | 10:30 pm

Warner Bros. Discovery Inc's (NASDAQ:WBD) recently released Mortal Kombat 1 game for Nintendo Switch has been heavily criticized for its low-quality experience, despite its $70 price tag. The game has been reported to have visual bugs, poor performance, and lower quality compared to its counterparts on Xbox Series X/S and PlayStation 5. The game's flow and immersion are also disrupted by long loading times, frequent micro-loads, and obtrusive loading screens.

Portfolio Pulse from Franca Quarneti

September 19, 2023 | 5:21 pm

Leaked documents suggest that Nintendo ADR's (OTC:NTDOY) upcoming console, the Nintendo Switch 2, may have performance capabilities similar to Sony Group Corp's (NYSE:SONY) PlayStation 4 and Microsoft Corp.'s (NASDAQ:MSFT) Xbox One. The information was revealed during the FTC v. Microsoft hearings. Activision Blizzard Inc (NASDAQ:ATVI) executives met with Nintendo in December 2022 to discuss the Switch 2, with the goal of maintaining the hybrid nature of the Switch while enhancing its power and potentially improving game graphics.

Portfolio Pulse from Franca Quarneti

September 19, 2023 | 4:38 pm

Roblox Corp (NYSE:RBLX) announced at the 2023 Roblox Developers Conference that its online game platform will be available on Sony Group Corp's (NYSE:SONY) PlayStation consoles in October. The platform is already available on Microsoft Corp.'s (NASDAQ:MSFT) Xbox, PC, Mac, iOS, and Android, and a Meta Platforms Inc.'s (NASDAQ:META) Meta Quest version is set to release later this month. However, there are no imminent plans for a Nintendo ADR's (OTC:NTDOY) Nintendo Switch release. Roblox is transitioning from a children's gaming platform to a broader 3D immersive communication space, introducing features like 'Roblox Connect' for voice calls and machine learning-powered tools for avatar creation.

Portfolio Pulse from Franca Quarneti

September 11, 2023 | 11:09 pm

Nintendo ADR (OTC:NTDOY) has confirmed that there will be no downloadable content (DLC) for The Legend of Zelda: Tears of the Kingdom, despite its commercial success. The company is shifting its focus to a new installment in the Zelda series. Nintendo also revealed its holiday hardware plans for 2023, which include the return of the Mario Kart 8 Deluxe Nintendo Switch bundle and two new Nintendo Switch Lite bundles. The company does not plan to lower the price of the seven-year-old Nintendo Switch hardware.

Portfolio Pulse from Franca Quarneti

September 06, 2023 | 9:23 pm

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