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200°

Nintendo Market Cap at 24 Billion; Highest in 4 Years

Nintendoom? Not today folks.

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Community3293d ago
Ck1x3292d ago

Let's see how people try and spin this as negative news!

Magicite3292d ago

Sony stocks also got highest in 4 years, seems Japan is doing well now.

benji1013292d ago Show
Griever3292d ago (Edited 3292d ago )

That mobile game partnership with DeNA has worked wonders for Nintendo just like analysts predicted. Nintendo fans never believed that Nintendo going mobile was the right thing to do....until Nintendo went mobile. The company had almost half the market capitalization prior to the announcement.

If we look at the graph we see that the stock price suddenly spiked in March right when Nintendo announced the partnership. It has been going high ever since. Prior to the announcement a single share was being sold for $14 and now it is being sold for $21.6. It means that people are expecting big sales and profits for Nintendo's mobile games so they are buying the stock quickly and as a result prices continue to rise.

On the side note, Sony's market capitalization is at $35.55 billion and a single share is being sold for $30.7 at the moment.

jmc88883292d ago

No, Japan and the world economy is still in a depression, and it's getting worse.

Stock prices worldwide are in the biggest bubble in HISTORY.

The price of a stock doesn't tell you anything real anymore. It's smoke and mirrors.

Not for Nintendo. Not for Sony. Not for Microsoft.

wonderfulmonkeyman3292d ago (Edited 3292d ago )

Greiver, you're missing one important fact: Nintendo isn't putting out console-quality games on mobile, which is what Nintendo fans wanted them to avoid and, thankfully, Nintendo saw it the same way.
People like Micheal Pachter and some of Nintendo's investors wanted to see older games like Super Mario Bros. on mobile so they could microtransaction you to get Mario to jump higher, but that's not what is happening.

Nintendo has not "gone mobile".
More like they're "dabbling in mobile".
It's an experiment, and not one done by dropping consoles to go third party, which was part of the whole "go mobile" package that a lot of anti-Nintendo gamers were tossing out in comments prior to this.

To the benefit of both Nintendo and consumers, there's a clear separation in Nintendo's plans for mobile and consoles.

gamingpro3292d ago Show
Griever3292d ago Show
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3-4-53292d ago Show
Thepcz3292d ago

this is why nintendo will continue recyling obsolete last gen tech in its hardware- it increases their profit margins. win for them as they laugh all the way to the bank, but gamers lose out because the saving nintendo make using old junk tech isnt passed on to consumers, we get tech past its sell by date and the industry suffers because one of the most innovative companies is using tech nobody wants to develop games for..

Ck1x3292d ago

What's funny about your comment is that even during the GC years Nintendo lost 3rd party market share and it was mostly due to Microsoft pushing money around. PS2 was already selling like crazy so 3rd party companies started to see that when desperate, console makers will shell out cash to receive equal support. This is one area where they haven't been able to break Nintendo into. Nintendo's next console could be twice as powerful as the PS4 and it wouldn't receive the same support as the PS5 or next Xbox.

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DryBoneKoopa853292d ago

How do you figure? Nintendo just announced that sales are 20% higher then last year. Nintendo each year has been making a steady stride of progress each year.

Since 2013 Nintendo has seen sales increase 20% year over year. Also Nintendo has been selling the Wii U as a profit and not a loss since late 2013 or early 2014 can't remember. So yes the Wii U has been adding money slowly but surly over the last few years.

Gamer19823292d ago

Hes right the things not selling well at all its the 3ds and amiibo thats doing the sales. Sure WiiU makes a little profit but unless you get some serious consoles out there fast enough the cost to make games soon enough outweighs the profits from those games and that little bit from the console sales wont make up for that. It's selling worse than the gamecube in terms of sales right now and they abandoned that after 6 years saying that games stopped after 4.

Its starting to look like the wiiu games are dying already I mean you cant count on 1 hand right now the AAA 1st party games in development by nintendo . Last year there was plenty now we got Zelda and thats about it splatoon and mario maker and smaller budget games that will make minimal profit. nintendo look already to be aboning this console.

But Nintendo are the kings of making you rebuy the same console over and over as lets be fair that new 3ds thats just come out? Its just a souped up DS and if the DS was still out there would be no change in the lineup of games right now. Nintendo make new hardware of DS to shaft it consumers and it works like a charm and force you to upgrade the only company better at doing this is Apple.

shaw983292d ago (Edited 3292d ago )

Nintendo must have had a major boost because of those amiibos. Dang those things are selling like crazy. 3ds is doing fantastic and the wii u is not doing too shabby. I would say Nintendo is in a good position right now. They just need to make sure to continue to make quality games and for their next hardware to be a unique name with a good launch. Here is to another 125 years Nintendo!!!

Gamer19823292d ago

They are selling like crazy however we don't know if the popularity is as high as we see nintendo is purposely shorting the market like they did with the wii to make it look like demand is high I mean otherwise there would be a steady flow of those Marth figures we shouldnt have to wait for a nintendo direct for them to say theres another batch of like 10k coming in 3 months.

Moonman3292d ago

Every Wii U sold is sold at a profit for Nintendo. They are fine. 3DS is hotcakes...

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60°

Megaton Musashi World Cup: Preview and First Round Results

Game Rant participates in the Megaton Musashi World Cup, checking out the game a little bit beforehand and winning the first round match.

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250°

Microsoft’s Surface and Xbox hardware revenues take a big hit in Q3

Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.

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Community10h ago
darthv7221h ago

Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.

solideagle8h ago

you should apply in MS PR team buddy, I think you will do a great job in my humble opinion :)

Sonic18816h ago

I thought darthv72 and Obscure_Observer already work for Microsoft 🤔

dveio5h ago

MS: "Xbox services and content without AB up 1%, with AB up 62%. Hardware down 31%. In total a loss of 350 mill."

darthv72: "Seems about right."

MS: "Excuse m ..."

darthv72: "I don't hardly play on my consoles directly."

MS:

Lightning7758m ago

What he said was facts. How he plays games is no concern of you. Don't get too mad about it.

Cacabunga8h ago

I can tell people like you are an absolute minority..

If service is up means their fans and fanboys accepted this model and subscribed to it. The near future you will see a big decline because the service is saturated.

shinoff21837h ago

But that's been ms for years. When things aren't going their way they try to change the way things are said. For instance console sales are down, they stop telling how many sold instead telling us how many hours spent in halo or headshots. So it makes sense console sales down just say people are playing on more devices then previous. What they won't say is how many xbox players jumped ship to ps5.

Cacabunga6h ago

Hardware sales are so bad that Sony and Nintendo are blowing the sales off the water with their hardware.

If Xbox are losers, others aren’t..
Xbox already tried everything with Xbox live then subscriptions went down so much that they had to find something else. Their fans subscribed then reached saturation rather quickly.

Hardware and exclusive games is where it’s at! Keep gamers excited, announce decent software and people will support you

itsmebryan2h ago

@shin
Well keep it simple Sony 's operating income is down 26% and Microsoft's is up 32%. No MS spin there, just facts. 😉
Cheers

romulus231h ago

Odd that a company that touts you dont need the hardware to play is already touting another console in the works.

darthv7255m ago

They are not reliant on the HW but still want to maintain a presence (no matter how small) is a good thing. It shows commitment to the craft. It reminds me of SNK and how they made games for their own hardware (Neo Geo) while also making them for others because they knew there was a market to do so. They knew they would sell more to others but also sell to their own niche fan base.

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purple10111h ago

Xbox hardware revenue tanks to lowest point of Xbox Series generation

Profchaos10h ago

I'm not surprised surface is struggling they aren't relevant anymore

DOMination-14m ago

In the last two years they've started exiting the consumer market altogether. All of the newest Surface products are business models only. They can't seem to work out what they want to do with it.

XBManiac9h ago

Too expensive hardware when others offer the same or more for less? Good work, Green Team.

SimpleDad9h ago(Edited 9h ago)

"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."

That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.

purple1019h ago

Activision: "we gonna need a bigger rucksack/backpack please"

Microsoft: "why's that"

Activision: "to carry yo' weak ass'

Profchaos8h ago(Edited 8h ago)

Top brass have also wanted to start seeing returns on the 100 billion they have put into various Xbox related moves so seeing more multiplatform games is highly likely especially from abk

It's basically saying that PlayStation is the reason Xbox is afloat right now thinks to Ps5 versions of COD

Kornholic7h ago

So basically PS and PC gamers' money is keeping Xbox on life support.

MrDead36m ago

The only growth MS will get out of the console industry is if it supports it's rivals platforms. Xbox is a pointless machine now. I can see them on a big push for live next, and they won't give up on trying to buy Steam.

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140°

Why Monopolies In Gaming Must Not Be Allowed

As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.

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thorstein20h ago

Shouldn't be allowed in any field.

Inverno16h ago

And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.

jwillj2k415h ago

Eventually they’ll realize the value is with the employee not the company. Buying an IP means nothing if the people who contributed are let go. They’ll get it one day.

MrCrimson14h ago

tech is different because they buy threats and then kill them. Twitter bought Vine and did nothing with it. Despite people seemingly liking it. Could've had tiktok a decade before bytedance. go figure.

Zenzuu15h ago

Monopolies shouldn't be allowed regardless. Not just for gaming.

MrCrimson14h ago

They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -