- The first half of the year has been a success for Nintendo Co. Ltd. (OTC Pink:NTDOY), as far as profits are concerned
- The video game maker has earned more than US$2 billion in operational profits
- Electronics Arts Inc. (NASDAQ:EA) stock was up 0.012 per cent by midday Monday after the studio’s news that it was launching EA SPORTS FC on mobile in September.
- Nintendo opened trading at US$10.69 per share
The first half of the year has been a success for Nintendo Co. Ltd. (OTC Pink:NTDOY), as far as profits are concerned.
The video game maker has earned more than US$2 billion in operational profits.
Microsoft’s (NASDAQ:MSFT) buyout of game studio Activision Blizzard (NASDAQ:ATVI) was thought by many to be a “game changer” that could put pressure on Nintendo. Now it appears that could be more of an issue for Sony (NYSE:SONY) and its PlayStation, given Microsoft’s 10-year agreement to bring Call of Duty to Nintendo consoles, though its CEO recently Tweeted that the franchise would remain available on PlayStation consoles for now.
In a little more than a month, sales of Capcom’s (OTC:CCOEY) latest instalment in its banner franchise, “Street Fighter 6” reached more than 2 million copies. In the past three months, its stock has jumped 10 per cent and is up 55.3 per cent compared with this time last year.
Electronics Arts Inc. (NASDAQ:EA) stock was up 0.012 per cent by midday Monday after the studio’s news that it was launching EA SPORTS FC on mobile in September 2023.
While it appears Take-Two Interactive Software Inc. (NASDAQ:TTWO) is hemorrhaging cash by the look of the chart above, much of that money is likely going toward frontloading costs for the impending release of its game “Grand Theft Auto 6.” The release of NBA 2K24 in September 2023 could provide some boost for their sales numbers. Take-Two recently released its fiscal Q1 2024 financial results, reporting net revenue increased 17 per cent to US$1.28 billion, as compared with US$1.10 billion in last year’s fiscal Q1.
Nintendo Co. Ltd. is engaged in the development, manufacture and sale of entertainment products in the home entertainment field. The company’s main products include portable and console game machines such as its Nintendo Switch and software.
Nintendo opened trading at US$10.69 per share and is up 2.6 per cent year-to-date.
Join the discussion: Find out what everybody’s saying about this stock on Nintendo’s Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
