ToplineNintendo’s stock price slumped nearly 6% on Monday following reports last weekend that the launch of its next games console has been delayed to 2025.The successor to the Nintendo Switch will reportedly launch early next year, following a delay.Getty Images Key FactsThe video game giant’s share price dropped to $55.72 (¥8,356) on Monday, down 5.86% from Friday. Monday’s drop follows reports over the weekend from gaming media and Bloomberg that the launch of the highly anticipated successor to the Nin ...

A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan.Bloomberg reported on Saturday that Nintendo had told game publishers that the Switch 2 would be delayed until the early months of 2025, citing people with knowledge of the matter.Shares of Nintendo fell on Monday after a report suggested the launch of the Switch 2, the next version of its flagship gaming console, would be delayed.Nintendo was targeting a release of the console toward the ...

Shares in Nintendo Co crumpled almost 9% as shares traded for the first time after weekend reports that the new version of its Switch console will be delayed until next year.  The Japanese games colossus has been telling games publishers that the Switch 2 console will be delayed until the first quarter of 2025, specialist media reported at the weekend, pushing back the scheduled release of late 2024. Moving the launch back a few months means it should still be within the Kyto-based company's coming financia ...

Shares of Nintendo Co. slumped in Tokyo trading Monday after Bloomberg News reported the company will delay its next-generation videogame console until 2025. Bloomberg reported that Nintendo 7974, -6.31% told some of its game-publishing partners that the successor to the Switch console will not be released until March 2025, at the earliest. It had been expected in late 2024. The delay likely means that Nintendo will also delay the launches of major new games until the new console comes out, Bloomberg rep ...

Four of Xbox’s previously exclusive games will be making the jump to PlayStation and Nintendo’s consoles, Microsoft has announced. It was also suggested that the company will share details of the next version of its Xbox console before the end of 2024.In a video podcast with other Xbox executives, the CEO of Microsoft’s gaming division, Phil Spencer, did not name the four titles in question, but said they are each more than a year old. Two are live-service games and two are smaller titles, with multiplayer ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Nintendo Co. (NTDOY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Nintendo Co. is one of 292 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #5 within the Zacks Sector Rank. The Zacks Se ...

Nintendo (NTDOY 2.34%) stock got a lift last week after reporting surprisingly strong results in its most recent quarter -- sales up 8% year over year, and profits per share up 18%. Further helping matters, Nintendo predicted that its operating profits through the end of fiscal 2024 will rise twice that -- 35%, to as much as 510 billion yen. One week later, on Wednesday, Nintendo shares are on the rise yet again -- up 2.4% through 12:12 p.m. ET. The reason this time isn't earnings, though, but a potential s ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Nintendo (NTDOY 3.86%) stock jumped early Tuesday, rising 4% by early afternoon trading, compared to a flat result in the wider market, according to data provided by S&P Global Market Intelligence. The boost added to a solid rally for the video game specialist, which has beaten the market over the past full year and is up 11% in 2024 year to date.The move was sparked by good news on the earnings front.Good gaming newsNintendo announced quarterly results before the market opened that revealed solid demand fo ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A traveler walks past an advertisement featuring a Nintendo character at Narita airport in Narita near Tokyo on June 10, 2022. Nintendo has reported healthy sales and profits on the back of the hit “Super Mario Bros. Wonder” game, prompting the Japanese video game maker to raise its full fiscal year forecasts. Credit: AP Photo/S ...