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Nintendo Co fell the most in a month after delaying the release of Animal Crossing: New Horizons till next year, postponing a marquee holiday title that could have supported the launch of a cheaper Switch console.
Shares in Nintendo Co Ltd jumped as much as 6% to a 2½ year high on Wednesday after China temporarily lifted a 14-year-old ban on selling video game consoles.
TOKYO: Super Mario creator Nintendo Co Ltd forecast a return to the black after two years of losses and camera maker Canon Inc raised its profit forecast by nearly 10% as a weaker yen, spurred by aggressive deflationfighting policies, bolstered the outlook of Japan’s tech companies.
Nintendo Co Ltd said on Friday that sales of its Wii U consoles had flopped, pushing it to a third consecutive annual loss and raising a question mark over its future in a home console market increasingly dominated by Sony Corp and Microsoft Corp.
Japanese videogame giant Nintendo on Wednesday posted a US$97mil (RM308.5mil) quarterly net loss, with higher costs tied to sales of its Wii U console digging into its bottomline while sales weakened.
Nintendo's March 2017 launch, the portable home console hybrid called Switch, is said to be marked for retail in two packages, starting from £199 (RM1,080), leading to expectations of a US$249 (RM1,080) equivalent.
TOKYO: Japanese online game maker DeNA Co Ltd said it wants its new partnership with gaming giant Nintendo Co Ltd to yield titles that bring in over 3 billion yen (US$25.02mil) a month.
The win in the patent case will allow Nintendo to keep importing its popular Wii system into the United States.
Nintendo has confirmed that its upgraded New Nintendo 3DS XL will arrive on Feb 13 in tandem with The Legend of Zelda: Majora's Mask 3D.
Game giant Nintendo has announced the release of a scaled back, cheaper version of its runaway success “Switch” game console, expected out in September ahead of the key holiday shopping season.