Nintendo Co., Ltd. (NTDOY)
Nintendo Cuts Sales Outlook for Switch Consoles
Nintendo (NTDOY) cut its annual forecasts for Switch sales, reflecting declining demand for the Japanese videogame maker's once-hit console.
Nintendo cuts profit guidance on reduced Switch sales forecast
Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.
Nintendo: Mario and Luigi have a new game. It's called Tokyo Earnings Alarm
I wonder whether Nintendo has considered a new game where Mario and Luigi race through Tokyo's financial district sounding a giant alarm bell? No?
Nintendo's 1st half sales drop 34% as Switch shows its age
Nintendo said sales for the 1st half of 2024 fell 34.1% to $3.43 billion as it saw a slowdown in sales for Nintendo Switch hardware and games.
Nintendo Cuts Switch Sales Forecasts After Weak Results
The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.
Nintendo cuts Switch sales forecast as demand for ageing console wanes
Nintendo's recent struggles have come as demand for its flagship Switch console, which is now more than seven years old, is beginning to fade. Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.
Nintendo cuts annual operating profit forecast as Switch sales slow
Nintendo on Tuesday cut its annual operating profit forecast by 10% to 360 billion yen ($2.36 billion), as its ageing Switch console loses steam.
Nintendo: Leveraging Legendary IP For A Stellar Tomorrow
Nintendo's shift in strategy to leverage its IP through movies, theme parks, and retail stores has significantly boosted its revenue and profitability. The Nintendo Switch's success has set the stage for the anticipated launch of its successor in Spring 2025. The Super Mario Bros. Movie's massive success highlights Nintendo's potential in the film industry, with plans for more films and a cinematic universe.
Saudi Arabia's PIF cuts stake in Nintendo after report said it was considering increase
Saudi Arabia's Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom's mammoth sovereign wealth fund said it was considering upping its stake. The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing.
Nintendo (NTDOY) Stock Boosted by Analyst Buy Rating
Nintendo Co Ltd (NTDOY, Financial) witnessed a significant stock movement with a rise of 2.96% today, driven largely by the initiation of a buy recommendation by analyst Doug Creutz from TD Cowen. This positive movement comes amid a challenging day for the broader market, as the S&P 500 index experienced a decline of almost 1%.
Why Nintendo Stock Rocked the Market Today
One researcher feels that historical patterns favor buying the video game veteran's shares; its fundamentals are impressive, too.
Nintendo shares lifted as Saudi wealth fund eyes greater stake
Nintendo shares were lifted around 4.5% in Japan today following weekend reports that the Saudi Arabia's Public Investment Fund (PIF) is mulling a higher stake in the global entertainment and video games empire. Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of Saudi's sovereign wealth fund's gaming division, disclosed the plan to Kyodo News on Saturnday.
