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

17.36

Mkt cap

81B

Volume

171K

High

17.49

P/E Ratio

37.78

52-wk high

19.47

Low

17.29

Div yield

0.02

52-wk low

11.36

China's National Press and Publication Administration (NPPA) approved 32 foreign video games, including Tencent Holdings ADR's (OTC: TCEHY) Dungeon & Fighter (DnF) Mobile, leading to a 2.9% stock surge for Tencent in Hong Kong. This approval marks a significant shift after China's recent regulatory crackdown on the gaming industry. Nintendo ADR's (OTC: NTDOY) games Kirby Star Allies and Taiko no Tatsujin, also published by Tencent in China, were among the approved titles. The move is seen as an effort to restore confidence in the gaming sector, which had been impacted by draft regulations aimed at curbing excessive gaming.

Portfolio Pulse from Franca Quarneti

February 02, 2024 | 7:01 pm

Analysts are skeptical about the success of Nintendo ADR's (OTC:NTDOY) anticipated Switch 2, comparing it unfavorably to the original Nintendo Switch. Goldman Sachs and Macquarie Group analysts express doubts about the new console surpassing the original's profits or expanding Nintendo's market. Despite concerns, including the choice of an LCD screen over OLED, Nintendo plans to produce 10 million units for a $400 launch in April 2024.

Portfolio Pulse from Franca Quarneti

February 01, 2024 | 11:38 pm

Nintendo ADR (OTC:NTDOY) is reportedly planning a major launch for the Switch 2 console in 2024 with an 8-inch LCD screen. Despite some criticism over not using OLED, Nintendo intends to produce 10 million units for the fiscal year starting April 2024, aiming for a massive launch with a retail price around $400. The LCD screen may be a cost-saving strategy, with an OLED version potentially releasing later. Details on the console's hardware and launch titles are still unknown, but the production plans indicate Nintendo's strategy to prevent shortages.

Portfolio Pulse from Franca Quarneti

January 29, 2024 | 9:21 pm

Palworld, an open-world survival game, has surpassed Fortnite in daily Xbox players on January 22nd, according to Circana's Player Engagement Tracker. Despite its success, including selling 7 million copies in Early Access and becoming the second-most-played game on Steam, Palworld faces cheating issues. Developer Pocketpair released a patch to combat cheats and exploits but acknowledged the difficulty in completely preventing cheating. The game currently lacks an anti-cheat system, and experts suggest shifting authority to the server to reduce exploits. Palworld plans to introduce PvP gameplay, making cheat prevention crucial. The game has also been controversial, facing accusations of being a Pokémon rip-off and receiving death threats, while Nintendo has taken action against a Pokémon mod and The Pokémon Company intends to investigate potential intellectual property infringement.

Portfolio Pulse from Franca Quarneti

January 25, 2024 | 5:06 pm

The Pokemon Company, funded by Nintendo ADR (OTC:NTDOY), is investigating 'Palworld' for potential intellectual property infringement. 'Palworld', developed by PocketPair, has been criticized for its resemblance to Pokemon, selling over 8 million copies since January 18. Despite controversy and threats to its developers, the game has seen significant success, even surpassing major titles in initial sales.

Portfolio Pulse from Ananya Gairola

January 25, 2024 | 10:19 am

Nintendo ADR (OTC:NTDOY) is set to discontinue online play for the Nintendo 3DS and Wii U on April 8 at 7 p.m. ET. This marks the end of online services for these consoles, impacting their online gaming communities and presenting challenges for gaming preservation. While offline functions will remain, and software downloads and updates will continue, the closure of online play signifies the end of an era. Pokémon Bank and Poké Transporter services for the 3DS will still be available post-shutdown.

Portfolio Pulse from Franca Quarneti

January 24, 2024 | 11:30 pm

The Detroit Lions are approaching their first NFC Championship game in 32 years, with improved odds of winning Super Bowl LVIII. The article highlights technological and cultural phenomena that did not exist in 1992, the last time the Lions were this close to the Super Bowl, including companies like Amazon and Apple, social media platforms, cryptocurrencies like Bitcoin, and the PlayStation console. Fox Corporation will broadcast the game, and DraftKings provides betting odds.

Portfolio Pulse from Chris Katje

January 22, 2024 | 11:37 pm

Warner Bros. Discovery Inc's (NASDAQ:WBD) Hogwarts Legacy became the best-selling video game in the U.S. in 2023, surpassing titles from Activision and Rockstar. It led in dollar sales on PlayStation, was second on Xbox, and fifth on Nintendo platforms. Other top sellers included Electronic Arts Inc's (NASDAQ:EA) Madden NFL 24, Sony Group Corp.'s (NYSE:SONY) Marvel’s Spider-Man 2, and Nintendo ADR’s (OTC:NTDOY) The Legend of Zelda. U.S. video game spending reached $57.2 billion in 2023, a 1% increase from the previous year.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 9:09 pm

Microsoft CEO Satya Nadella is optimistic about the Activision acquisition, seeing it as an opportunity for Microsoft to become a 'good publisher' on multiple platforms, including Sony and Nintendo consoles. The deal enhances Microsoft's gaming portfolio with major franchises and supports its cross-platform strategy. Nadella's comments suggest a focus on broad distribution, including potential releases of some Xbox exclusives on rival consoles after initial exclusivity periods.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 7:37 pm

Physical editions of popular Nintendo ADR's (OTC:NTDOY) Nintendo Switch games are unavailable at various retailers, leading to speculation about a re-release strategy before the rumored Switch 2 launch. Titles like 'Paper Mario: The Origami King' and 'Metroid Dread' are out of stock, and major retailers such as Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), Target (NYSE:TGT), and GameStop (NYSE:GME) are affected. The speculated re-releases may feature new SKUs and branding, and Nintendo is advised against panic buying, suggesting a strategic move rather than a scarcity tactic.

Portfolio Pulse from Franca Quarneti

January 11, 2024 | 9:09 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.