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

Palworld, a game by Pocketpair, has faced controversy for its resemblance to Pokémon, leading to an investigation by Nintendo ADR’s The Pokémon Company. Despite this, the game has gained significant popularity. Pocketpair's founder, Takuro Mizobe, defended the game's originality and mentioned the challenges of creating new content. The game may be released on Sony's PlayStation, but a Nintendo Switch version is uncertain.

Portfolio Pulse from Franca Quarneti

June 25, 2024 | 9:03 pm

FromSoftware president Hidetaka Miyazaki has vowed to protect his studio from the ongoing layoffs in the gaming industry, despite mass layoffs at companies like Microsoft, Sony, and Embracer Group. Miyazaki expressed confidence that the parent company, Kadokawa Corporation, shares his views on avoiding layoffs.

Portfolio Pulse from Franca Quarneti

June 18, 2024 | 6:24 pm

Nintendo ADR (OTC:NTDOY) announced a Direct presentation on June 18, focusing on games for the second half of 2024. The 40-minute event will not cover the anticipated Switch successor, expected in 2025. This announcement is significant given the sparse current Switch lineup for the rest of the year.

Portfolio Pulse from Franca Quarneti

June 17, 2024 | 6:33 pm

GameStop Corporation (NYSE:GME) reported dismal fiscal first quarter results, with net sales dropping 29% and an adjusted loss of $0.12 per share, worse than Wall Street estimates. The stock plunged 40% despite the return of meme-stock influencer Keith Gill. GameStop faces fierce competition from Amazon, Microsoft, eBay, Walmart, Nintendo, and Best Buy.

Portfolio Pulse from Upwallstreet

June 10, 2024 | 3:27 pm

In April, the US gaming market saw a 3% drop in consumer spending, totaling $4.1 billion. Despite this, game content spending rose by 2% to $3.7 billion. Hardware sales plummeted by 43% to $208 million, with Sony's PlayStation 5 leading sales, followed by Nintendo Switch and Microsoft's Xbox. Notable software performances included Stellar Blade and Sea of Thieves.

Portfolio Pulse from Franca Quarneti

May 30, 2024 | 7:58 pm

Microsoft has announced that Call of Duty: Black Ops 6 will be available on Xbox Game Pass at launch. This move is part of Microsoft's strategy to integrate Activision titles into Game Pass following its acquisition of the publisher. The game can be pre-installed upon its reveal at the Xbox Games Showcase on June 9. Microsoft has committed to keeping Call of Duty on PlayStation and has a similar agreement with Nintendo.

Portfolio Pulse from Franca Quarneti

May 29, 2024 | 6:02 pm

The past week in consumer tech saw significant developments including the European Council's approval of the AI Act, South Korea's $19 billion support for its semiconductor sector, and Taiwan's confidence in TSMC's technology protection. Key company updates include Nvidia's partnership with Dell, Microsoft's new AI initiatives, and Apple's upcoming iPhone 16 launch. Additionally, TikTok is testing longer video uploads, and Netflix's 'Baby Reindeer' faces potential legal issues.

Portfolio Pulse from Lekha Gupta

May 26, 2024 | 8:49 pm

Nintendo has acquired Shiver Entertainment, known for porting games like 'Hogwarts Legacy' and 'Mortal Kombat 1,' from Embracer Group. This acquisition aims to bolster Nintendo's resources for porting and developing software titles, especially ahead of the anticipated launch of the Switch 2. Financial terms were not disclosed, but the impact on Nintendo's fiscal results is expected to be minor.

Portfolio Pulse from Franca Quarneti

May 21, 2024 | 4:24 pm

Nintendo ADR (OTC:NTDOY) announced it will end X/Twitter integration on the Switch by June 10, 2024, following similar moves by PlayStation and Xbox. The decision, influenced by X's increased API charges, affects sharing capabilities to X but retains Meta Platforms Inc.'s (NASDAQ:META) Facebook integration. X, despite the change, commits to enhancing the gaming community's experience and continues its partnership with Nintendo.

Portfolio Pulse from Franca Quarneti

May 09, 2024 | 9:59 pm

Nintendo Co., Ltd. (OTC:NTDOY) announced the launch of a next-gen gaming console to succeed the Switch within the fiscal year ending March 2025. Despite strong sales of the Switch, driven by titles like 'The Legend of Zelda: Tears of the Kingdom,' the company is preparing for a transition with the new console, which aims to address criticisms such as battery life. Nintendo plans to hold back major titles for the new device and has issued a takedown request for over 8,500 copies of the Yuzu emulator code.

Portfolio Pulse from Benzinga Neuro

May 07, 2024 | 12:48 pm

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