Nintendo Co., Ltd. ADROTCPK - Current
Yesterday, 3:49 AM
- Nintendo (OTCPK:NTDOY) revealed an operating loss of ¥5.95B in the period from March to September, while lowering its outlook and dividend.
- A hard landing! Airbus (OTCPK:EADSY) missed forecasts on supply chain issues, but the aircraft maker maintained its full year guidance.
- Brazil provided some bright side for Santander (NYSE:SAN) as a pick-up in performance lifted earnings above expectations, offsetting Brexit concerns.
- Provisions ate into the quarterly profit at Lloyds (NYSE:LYG), as the bank set aside another £1B to pay compensation for mis-sold payment protection insurance.
- Bayer (OTCPK:BAYRY) raised guidance for the full year on strong pharma results in its first quarterly scorecard since securing the Monsanto merger.
Thu, Oct. 20, 6:50 PM
- The new Switch videogame system is likely to have a positive effect for Nintendo (OTCPK:NTDOY +2.5%) even though the particulars are largely what's been expected for some time, Jefferies says.
- The system isn't as big a deal as Nintendo making a long-awaited move to smartphone gaming, says analyst Atul Goyal in an overnight note. But it does showcase the company's software, which is important, he says.
- "In the long term NX may still turn out to be far less successful than its predecessors or when compared to its peers," he writes. "But – when it showcases the product – most of its audience is likely to find it 'interesting' and die-hard Nintendo fans are going to buy it regardless." And if the system is great, then that's a positive catalyst.
- He also contrasted the importance of expectations: While gamers have been anxious over the release timeline, "hardly any investor we have met has any expectation from NX or its launch" and most see it as a negative catalyst that could get them a better entry price before Super Mario Run comes out in December.
- He has a Buy rating on shares and a target of ¥37,000, implying 37% upside from the company's Thursday close in Tokyo.
Thu, Oct. 20, 10:15 AM
- Nintendo's just-released teaser video puts a name to its next system, previously codenamed NX: The Nintendo Switch, combining console and portable into a modular device.
- No pricing mentioned so far. In a preview report last week, Macquarie worried that pricing for the console could prove a drag to volume sales.
- The video depicts a console gamer who disconnects a pair of small handheld controls from the sides of his console controller to click them into a portable screen as his dog demands a walk.
- Those controls then disconnect and the screen runs independently with a kickstand, as well as docking into another system later. It appears to have multiple controllers to move from console-optimal to on-the-go modes.
- The system is still set for a March launch.
- After rising overnight in Tokyo, OTCPK:NTDOY is up 2.9% in U.S. trading.
- Previously: Nintendo to release teaser video for new console today (Oct. 20 2016)
Thu, Oct. 20, 2:11 AM
- Nintendo (OTCPK:NTDOY) shares are up 3.8% in Tokyo on news that the company will release a teaser video highlighting its coming console, codenamed NX, later today.
- The three-minute video will be made available on the company's website at 11 p.m. Kyoto time (10 a.m. ET). That's not much time to jam in information, but "Nevertheless, we will be looking to get a sense of how the NX is different, and what kind of things will be made possible as compared to previous and existing game devices," says Mizuho's Takeshi Koyama.
- Stakes are high for the unit as console gaming is still at the center of Nintendo's business (despite a burgeoning pivot toward smartphone gaming), and the Wii U has had relatively disappointing sales (13M units since a 2012 launch).
- A week ago, Macquarie downgraded the company's shares on expectations that a reveal coming this week would result in a console price that would generate a "major" disappointment in terms of volume sales.
- The new console is set for a March release.
Thu, Oct. 13, 5:29 PM
- Running against a general recent bullish tide, Macquarie has downgraded Nintendo (OTCPK:NTDOY) to Neutral, from its previous Outperform rating.
- A long-in-the-works revamp to the company's consoles -- the NX, with reveal coming next week -- is liable to come at a price that will result in a "major" disappointment for volume sales, the firm says.
- Speculation is putting the price of the new console between $300 and $350, in line with competing consoles, vs. the Wii's former discount to rival boxes from Sony and Microsoft.
- The company's move into mobile gaming, Super Mario Run, has a missed opportunity as well, Macquarie says: Being only iOS and ex-China, it's missing 60% of the market.
- The firm cut its price target on Nintendo to ¥25,900 from a previous ¥27,300, implying some fractional downside from today's closing price of ¥26,075.
Fri, Sep. 30, 3:59 PM
- Pokemon Go isn't topping the gaming news anymore, but it's still ringing in the sales.
- Research firm Newzoo says the augmented-reality success -- made by Google spinoff Niantic Labs (with support by Google and Nintendo (OTCPK:NTDOY -0.7%)) -- is still pulling in $2.1M every day.
- That's down from a peak of $16M a day in midsummer. Newzoo figures the game has drawn about $470M in 82 days since launch; it's been downloaded more than 550M times and is still hitting 700K downloads a day (even before a launch in China and South Korea).
- After Niantic, Google and Apple are most likely to benefit from the game's success through app stores that take a 30% cut of purchases.
Thu, Sep. 22, 2:14 AM
- Pokemon Go fever has finally broken. The augmented-reality game's time as the top-grossing app in Apple's U.S. app store has ended at 74 days, after being supplanted by a familiar foe: Clash Royale.
- According to Sensor Tower, Pokemon Go, which includes Nintendo (OTCPK:NTDOY) as one of its major stakeholders, pulled in $440M in gross revenue in Apple's marketplace and Google's Play store.
Thu, Sep. 8, 1:59 PM
- Nintendo (OTCPK:NTDOY -7.7%) has given back some gains today in U.S. trading after a stellar run yesterday fueled by its surprise appearance in Apple's new product event.
- Shares finished yesterday up 28.8% on volume that was more than eight times average, after Apple revealed that Nintendo's flagship character Mario was appearing in a new game for the platform, Super Mario Run, due late this year.
- Shares closed up 13.2% in Tokyo today.
- Deutsche Bank has upgraded the stock to Buy even aside from the Mario news, noting that the company's "on the cusp of a major product cycle" with an upcoming console and its move into mobile gaming on smartphones.
- There's several catalysts, the firm notes: an announcement on its NX console by winter, tracking to a March release; smartphone versions of Animal Crossing and Fire Emblem in November; and "Between the Pokémon Go contribution, its halo effect on existing 3DS hardware, and the realized sale of Nintendo’s stake in the Seattle Mariners, we think the earnings set-up for the FY3/2Q17 bottom line is skewed to the upside."
- Deutsche has a ¥30,000 price target; shares closed in Tokyo at ¥27,955, implying 7.3% upside.
Thu, Sep. 8, 3:16 AM
- A wearable device for playing Pokemon Go will be released next week, priced at $35 and containing vibration notifications that could improve the game's safety.
- The announcement came after Apple's new iPhone event, where Niantic said it would provide an Apple Watch version of the popular game and bring Super Mario Run to iOS.
- Pokemon Go Plus will be distributed by Nintendo (OTCPK:NTDOY), which ended the session in Tokyo up 13%.
Wed, Sep. 7, 1:23 PM
- Nintendo (OTCPK:NTDOY) is spiking in U.S. trading, to +17% on the day, as the live Apple event is bringing videogamers' favorite Italian plumber to iOS.
- Super Mario Run, a new game developed by Nintendo for Apple, is coming later this year.
- The game will be available at a set price. Mario creator and gaming icon Shigeru Miyamoto was on hand to promote the game, a simple run game which can be played with one hand.
- Nintendo may do better with an Apple windfall for Mario than it does with Pokemon Go, since it owns all of Mario-related intellectual property.
- Updated 1:31 p.m.: Nintendo ADRs are now up 21% as the Apple/Nintendo connection deepens with news that smash hit Pokemon Go is coming to the Apple Watch.
Fri, Sep. 2, 8:01 AM
- Nintendo (OTCPK:NTDOY) plans to adopt cartridges for its next-generation videogame console, WSJ reports.
- Chip-based cartridges are garnering renewed attention thanks to fierce competition among semiconductor makers to develop flash memory that can pack more data onto small chips at a lower cost.
- Industry watchers say cartridges are also a reasonable choice for NX, because the company's core fans include small children who might scratch discs, and allow games to load faster, are harder to copy and can be easily mass-produced.
Thu, Sep. 1, 6:23 AM
- SoftBank (OTCPK:SFTBY) has announced an alliance with Pokemon Go developer Niantic that will designate about 3,700 of the mobile carrier's stores in Japan as PokeStops and Gyms.
- The deal is similar to the one McDonald’s Japan forged during the game's July debut, fueling a 24% jump in the fast-food chain's shares.
- Nintendo (OTCPK:NTDOY), which created the game with Niantic and Pokemon Co., jumped 3.3% on the news.
Mon, Aug. 22, 8:11 PM
- There's some good news for tech companies such as Facebook (NASDAQ:FB), Instagram, Twitter (NYSE:TWTR), and Snapchat (Private:CHAT) with new data showing that Pokémon Go usage has peaked.
- Measurements on Pokemon usage from three different data tracking firms show a decline in worldwide daily active users and engagement rates from their peaks.
- Though the financial impact of the Nintendo (OTCPK:NTDOY) phenomenon has been difficult to gauge, most analysts agree that Pokémon Go has gobbled up mindshare over the last ten weeks.
Mon, Aug. 22, 7:05 PM
- Videogame spending fell 14% overall in July, again facing tough comparisons with last summer and again led down by hardware, according to NPD Group.
- Overall sales fell to $480.1M, while hardware dropped 30% Y/Y to $141.3M. With a new Xbox One S already released, and two new PS4s reportedly on the way, unit sales fell 10%, and average price was down 22%. Portables were up 23%; consoles down 37%.
- Videogame software (now including digital estimates) dropped 5%, to $210.3M, and PC game software fell 12% to $11.4M. Accessories spending also dropped 5%, to $117.1M.
- In individual games (ranked by dollar sales), cash cow Grand Theft Auto V (TTWO +0.8%) overtook Overwatch (ATVI +0.4%) for the top spot, followed by Lego Star Wars: The Force Awakens (TWX -0.4%). Including digital full-game sales has lifted GTA V, which had been falling down the physical sales chart. Other titles of interest: Call of Duty: Black Ops III (NASDAQ:ATVI) at No. 5, and Minecraft (MSFT +0.1%) at No. 6.
- In an uncommon outcome, Xbox One outsold the PlayStation 4 (SNE +0.9%) in July thanks to a reduced average price, with Wii U (OTCPK:NTDOY +1.6%) again in third place among hardware.
Thu, Aug. 11, 10:31 AM
- Pokémon Go is on an annual run rate of $1B, according to an estimate from Cowen Research. Nintendo (OTCPK:NTDOY) is well-positioned to benefit from the ongoing phenomenon through its stake in Pokemon Company and publisher Niantic.
- The Pokémon craze was brought up by a variety of companies during their Q2 earnings calls as analysts questioned on the impact of the mobile game on foot traffic, virtual reality potential, mind share, and products/accessories sales.
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Wed, Aug. 10, 7:38 PM
- Pokémon Go -- the smash hit mobile game from Nintendo (OTCPK:NTDOY +1.3%) and publisher Niantic -- is operating "meaningfully north" of a $1B annual revenue run rate, says a Cowen & Co. analyst.
- Doug Creutz thinks the No. 1 game has been additive to the market. "Multiple gaming companies that we cover have … said that they haven't seen much impact on their revenue from the launch of the game," he says in a research report.
- Aside from that revenue boost, the game has formed its own mini-economy, with Apple and Google taking cuts of in-game item sales, physical locations including GameStops and McDonald's locations boosting sales by becoming stops in the game, and portable power packs flying off the shelves to feed the battery-hungry game.
- "Companies with significant franchises and quality (intellectual property) are likely to increasingly dominate the space," Creutz wrote.
- Nintendo's earnings from the game are slightly indirect, as it has stakes in both Niantic (the publisher) and the Pokémon Co.
- Previously: 'Pokemon Go' earns $200M in first month (Aug. 08 2016)