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

13.20

Mkt cap

62B

Volume

89K

High

13.32

P/E Ratio

29.56

52-wk high

15.01

Low

13.20

Div yield

N/A

52-wk low

11.35

Hogwarts Legacy, developed by Warner Bros. Discovery Inc (NASDAQ:WBD), is leading U.S. video game sales, challenging the dominance of Activision Blizzard Inc's Call of Duty and Take-Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar games. Despite Call of Duty: Modern Warfare 3's strong sales, it's trailing its predecessor. U.S. video game market spending fell by 7% year-over-year, with hardware sales down 24% and content down 3%. Sony Group Corp.'s (NYSE:SONY) PS5 remains the best-selling hardware, but faces supply and demand balance issues. The absence of Grand Theft Auto 6 data from Circana's charts due to Take-Two's data restrictions could impact future rankings.

Portfolio Pulse from Franca Quarneti

December 14, 2023 | 8:15 pm

Microsoft Corp has reduced the price of the Xbox Series X to $399 for the holiday season, following discounts by Walmart Inc and Target Corp. The new price offers a $100 saving and is expected to last through the end of 2023 in the U.S. Retailers are also offering deals on Xbox accessories. Microsoft plans to continue investing in the Xbox, with mid-generation refreshes expected in 2024. Competitors Sony Group Corp. and Nintendo ADR are also offering holiday deals on their gaming consoles.

Portfolio Pulse from Franca Quarneti

December 13, 2023 | 9:48 pm

Eiji Aonuma, producer of The Legend of Zelda series for Nintendo ADR (OTC:NTDOY), discussed the game's evolution, emphasizing creativity over strict chronology. In an IGN interview, he expressed a preference for flexibility in game design to avoid limiting creativity. Aonuma also addressed fans' preferences for classic titles versus newer open-world games, understanding the nostalgia but questioning the desire to return to more restricted gameplay. His comments suggest potential future directions for the series, with the context of the upcoming Switch 2 release.

Portfolio Pulse from Franca Quarneti

December 12, 2023 | 12:03 am

Cyber Monday is on track to be the largest online shopping day ever, with consumers expected to spend $12 billion to $12.4 billion. Top-selling items include Nintendo's Switch, Sony's PlayStation 5, and Microsoft's Xbox Series X. The report from Adobe Analytics also predicts that Cyber Week will total $37.2 billion to $38.1 billion in online purchases, accounting for 17% of holiday season spending. Factors contributing to the surge include the use of BNPL services, ongoing discounts, and a significant portion of sales being made through smartphones.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 5:47 am

Cyber Monday brings significant discounts on gaming products, including consoles, laptops, monitors, accessories, headsets, graphics cards, and games. Deals include discounts on PS5, Dell G15, and Samsung Odyssey monitors. Retailers like Amazon, Best Buy, and Walmart feature prominently with various offers. The sale ends at midnight on Nov. 27.

Portfolio Pulse from Franca Quarneti

November 27, 2023 | 5:39 pm

Xbox sales in Europe have dropped by 52%, while PlayStation 5 sales surged by 143% and Nintendo Switch sales decreased by 20%. Microsoft's acquisition of Activision Blizzard and the release of Starfield have not significantly boosted Xbox sales. Microsoft plans to release more first-party games in 2024 and may focus more on PC and mobile gaming. A mid-gen refresh for Xbox Series X and S is hinted for 2024, with a next-generation console expected in 2028.

Portfolio Pulse from Franca Quarneti

November 22, 2023 | 8:37 pm

Amazon.com, Inc. (NASDAQ:AMZN) is offering a 10% discount on Nintendo Switch Online memberships for Black Friday. The deal reduces the price of 1-year Individual and Family memberships. Nintendo ADR (OTC:NTDOY) rarely discounts its memberships, making this a significant offer. The subscription provides access to online features, classic games, eShop deals, cloud saving, and the NSO mobile app. An alternative buying strategy involves purchasing discounted eShop gift cards to use later for memberships or games.

Portfolio Pulse from Franca Quarneti

November 20, 2023 | 10:14 pm

Sony Group Corporation (NYSE:SONY) reported a revenue increase but a significant operating profit slump in its fiscal second quarter, citing challenges in the chip business and declines in other sectors. Despite this, Sony raised its full-year sales outlook due to favorable foreign exchange rates and maintained its PlayStation 5 shipment target. Nintendo Co Ltd (OTC:NTDOY) reported strong earnings and raised its operating profit guidance, while Microsoft Corporation (NASDAQ:MSFT) is reorganizing its Xbox teams post-Activision Blizzard acquisition and introducing AI characters to its console. Sony and Nintendo are also collaborating on a live-action adaptation of Zelda.

Portfolio Pulse from Upwallstreet

November 10, 2023 | 6:50 pm

Nintendo's 'Super Mario Bros. Wonder' has become the fastest-selling Mario game, with 4.3 million units sold within the first two weeks of its release. The success is attributed to the Super Mario Bros. Movie and the ongoing popularity of the Super Mario franchise. Nintendo anticipates that the game's sales will continue to thrive, especially during the upcoming holiday season and into 2024. The company reported a 21.2% YoY increase in sales, reaching approximately $5.3 billion, and a 27% YoY rise in profit, totaling around $1.9 billion.

Portfolio Pulse from Franca Quarneti

November 08, 2023 | 9:33 pm

Nintendo Co., Ltd. (OTC:NTDOY) has announced a partnership with Sony Pictures Entertainment Inc. to produce a live-action film adaptation of the video game “The Legend of Zelda”. The project will be led by game designer Shigeru Miyamoto of Nintendo and producer Avi Arad of Arad Productions Inc. Nintendo will cover over half of the production costs, while Sony Pictures will co-finance and handle global theatrical distribution. This move is part of Nintendo's strategy to expand its audience beyond traditional gaming platforms.

Portfolio Pulse from Benzinga Neuro

November 08, 2023 | 7:35 am

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