Nintendo Co., Ltd. (NTDOY)
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.
Nintendo shares surge as Asia-Pacific markets rise; US jobs report lifts sentiment
Asian-Pacific markets advanced on Monday, with Japan's Nikkei 225 leading the way, climbing nearly 2% as investors anticipated key central bank decisions across the region. Strong performances in financials, consumer cyclical stocks, and a significant boost from gaming giant Nintendo drove the index's gains.
Nintendo Stock Rises as Saudi Wealth Fund Considers Increasing Stake
Nintendo's stock price saw an increase of up to 3.9% following a report that Saudi Arabia's sovereign wealth fund is considering boosting its holdings in the company and other gaming firms. This information comes from an interview with Prince Faisal bin Bandar, the vice chairman of Savvy Games Group, a subsidiary of the fund.
Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports
Saudi Arabia's Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday.
Nintendo showcases 'Super Mario', Game Boy history in new museum
Japanese firm Nintendo will next week open a museum showcasing its history, where fans of "Super Mario", "The Legend of Zelda" and the Game Boy and Switch can gain insight into one of the world's most renowned game makers.
Nintendo's Calm After The Storm
Nintendo reported earnings last week and the market did not take them well. Worries are, in my opinion, unfounded. Tough comps were the main reason behind investor's worries, but these could've been expected. The investment thesis is intact and earnings were good considering the Switch's lifecycle. I explain why.
