Nintendo Co., Ltd. (NTDOY)
Nintendo profits drop with no Switch successor announced
Nintendo shares dropped more than 2% in Tokyo overnight after it revealed profits had dropped by 55% in the three months to June. With no information imparted regarding a successor to the Switch, Nintendo said sales had fallen in both its game software and machines divisions.
Nintendo first-quarter net profit sinks as Switch sales slow
Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor.
Nintendo profit plunges 55% as sales of its ageing Switch console fall sharply
Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. In this article 7974.T-JP
Japan's Nintendo says profit slid 71% in Q1
Japan's Nintendo said on Friday operating profit fell 71% to 54.5 billion yen ($365.6 million) in the first quarter, below analyst estimates.
Nintendo nears Switch 2 but update in Q1 earnings unlikely
Nintendo is unlikely to provide investors with an update on the successor for its popular gaming console the Switch in its upcoming earnings report despite waning demand for the device, analysts at Wedbush believe. The Kyoto, Japan-headquartered entertainment company, whose franchises include Mario, Donkey Kong, Animal Crossing and Pokémon, will report first quarter fiscal 2025 earnings on Friday, August 2 before the stock market opens in North America.
Nintendo: 50% Upside And It Pays A Dividend
New console launches appear to have a direct positive impact on Nintendo's stock looking at past successful console launches. Nintendo's financials show steady growth, with an increase in net income. Despite potential economic risks, Nintendo's healthy balance sheet and dividend yield make it a favorable investment, especially with the potential launch of the Switch 2 (in March of 2025).
Nintendo Wants to Flood Stores With the Switch 2 Console to Stop Scalpers
The gaming giant hopes to avoid the same issues plaguing the launch of the original Nintendo Switch.
Nintendo surprises fans by announcing new 'Zelda' game
Nintendo surprised fans on Tuesday by announcing a new chapter in its 40-year-old "Zelda" saga, one of the Japanese video game giant's biggest cash-cows.
Gamer's Gold: 3 Stocks to Power Up Your Portfolio's High Score
The global gaming market has grown significantly, driven by technological advancements, increased accessibility and the rise of trends like the metaverse and e-sports. Industry reports estimate the market will grow from $272.86 billion in 2024 to $426.02 billion by 2029, with a compound annual growth rate, otherwise known as CAGR, of 9.32%.
