Nintendo Co., Ltd. ADROTCPK - Current
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  • Fri, Dec. 2, 4:33 AM
    • Red alert, parents. Toys 'R' Us will have Hatchimals and the Nintendo NES Classic at select stores this weekend.
    • Both products have been sold out at a number of retailers and have been highly sought after by consumers this holiday season.
    • Hatchimals has Spin Master (OTC:SNMSF) trading at all-time highs on the Toronto exchange, while Nintendo (OTCPK:NTDOY) has had an equally impressive year in Tokyo. Shares of both companies are up 60% YTD.
    | Fri, Dec. 2, 4:33 AM
  • Wed, Nov. 30, 4:02 PM
    • The titles had already set the bar for most pre-ordered games in company history.
    • For Nintendo 3DS systems, Pokémon Sun and Pokémon Moon combined for sales of 3.7M units in less than two weeks, marking the fastest-selling games within the Americas and representing an 85% gain over prior record holders Pokémon X and Pokémon Y over the comparable launch period in 2013.
    • Since releasing Pokémon Red Version and Pokémon Blue Version in 1996, Nintendo (OTCPK:NTDOY) has sold greater than 280M units of Pokémon-associated software (as of May this year).
    | Wed, Nov. 30, 4:02 PM | 6 Comments
  • Tue, Nov. 29, 12:39 PM
    | Tue, Nov. 29, 12:39 PM | 6 Comments
  • Thu, Nov. 17, 7:01 PM
    • Videogame sales were up 6% Y/Y in total in October, as some key pre-holiday software releases again made up for slipping hardware.
    • Overall sales were at $875.7M, according to NPD Group. Hardware revenues dropped 20% to $215.2M, and accessories spending fell 24% to $121M.
    • “Unit sales for the Xbox One (MSFT +1.7%) brand of hardware grew by 8% compared to last October," said NPD's Sam Naji, as pricing for Xbox One hardware dropped 17% with a lower priced One S Minecraft bundle. The month's best-selling hardware, though, was the PS4 (SNE +1.1%) Slim 500 GB Uncharted 4: A Thief's End bundle. And Nintendo's (OTCPK:NTDOY +3.4%) 3DS saw its fifth straight month of Y/Y growth.
    • Meanwhile, videogame software spending on console platforms rose 31% to $505.7M, and PC game software jumped 172% to $33.8M, thanks to "popular new games that included Battlefield 1, Mafia III, Gears of War 4, Titanfall 2 and Civilization VI," said Naji.
    • Individual games (ranked by dollar sales): Battlefield 1 (EA +1%) took the top spot, followed by Mafia III (TTWO +4.7%) and Gears of War 4 (NASDAQ:MSFT). FIFA 17 (NASDAQ:EA) was fourth and NBA 2K17 (NASDAQ:TTWO) fifth.
    • Rounding out the top 10: Elder Scrolls V: Skyrim (Bethesda Softworks), WWE 2K17 (TTWO), Civilization VI (TTWO), Titanfall 2 (EA) and Madden NFL 17 (EA).
    | Thu, Nov. 17, 7:01 PM | 15 Comments
  • Tue, Nov. 15, 2:08 PM
    | Tue, Nov. 15, 2:08 PM | 38 Comments
  • Fri, Nov. 11, 3:09 PM
    • Nintendo (OTCPK:NTDOY -1.3%) should benefit from what are still low expectations for its new Switch hybrid console, JPMorgan says in a new note.
    • With more details expected Jan. 13, neither the pricing nor the title lineup will disappoint, says analyst Haruka Mori. The new console is key to the company's medium-term potential, Mori writes.
    • Hands-on promotional events will help as they show off the new user experience, vs. the short teaser video unveiled in October. Mori also sees close links between the new console and the upcoming mobile game Super Mario Run.
    • The firm revised its forecasts based on new information and new contacts, and boosted its price target to ¥30,000 from ¥28,000, nearly 25% upside. Shares closed at ¥24,100 Friday in Tokyo.
    • Nintendo is ceasing sales of its Wii U in Japan "soon," working to shift users to the new Switch
    • Previously: Nintendo Switch part of bigger hardware plans (Oct. 27 2016)
    • Previously: Jefferies: Nintendo Switch an important software showcase (Oct. 20 2016)
    | Fri, Nov. 11, 3:09 PM | 42 Comments
  • Thu, Oct. 27, 7:32 PM
    • Nintendo's (OTCPK:NTDOY +5.8%) new Switch console won't stand alone, but be part of a bigger ecosystem with more accessories and integrating more technologies, President Tatsumi Kimishima said today.
    • The company will announce pricing and a specific launch date for the console formerly known as "NX" on Jan. 13.
    • Kimishima -- who took over last year after the death of Satoru Iwata -- said he was "surprised" by the stock's decline after a three-minute teaser video showed off the console's name and form factor for the first time, and said "By no means was that everything" to the system.
    • Nintendo made a deliberate decision not to talk about software titles so far, he says. "One thing we still can’t show is the software lineup. We want people to touch the device in January and experience the software for themselves."
    • He also declined to get more specific on sales forecasts aside from the early one where it plans to sell 2M units in the first month after it begins selling in March.
    • Previously: Jefferies: Nintendo Switch an important software showcase (Oct. 20 2016)
    | Thu, Oct. 27, 7:32 PM | 7 Comments
  • Wed, Oct. 26, 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.
    | Wed, Oct. 26, 3:49 AM | 2 Comments
  • 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, 6:50 PM | 4 Comments
  • 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, 10:15 AM | 16 Comments
  • 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. 20, 2:11 AM | 12 Comments
  • 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.
    | Thu, Oct. 13, 5:29 PM | 18 Comments
  • 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.
    | Fri, Sep. 30, 3:59 PM | 3 Comments
  • 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. 22, 2:14 AM | 18 Comments
  • 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, 1:59 PM | 15 Comments
  • 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%.
    | Thu, Sep. 8, 3:16 AM | 7 Comments