Search results for Nintendo
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Posted
Oct 20 2009, 03:53 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Price cuts work. In September, Sony’s (SNE) PlayStation 3 outsold the Microsoft (MSFT) Xbox 360 and Nintendo Wii for the first time in recent memory.
Industry research firm NPD said that the video game industry, which includes both consoles and games, had sales of $1.28 billion in September, up 1% from a year ago.
Sony shipped 491,800 PS3 units in September, moving ahead of Nintendo’s Wii which shipped 462,800 units, and Microsoft’s Xbox 360 which dropped to third place with 352,600 units shipped.
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Posted
Oct 08 2009, 03:46 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Jeff Bezos, the founder of Amazon (AMZN), is being praised as the man who has invented the next big and important electronic device.
That category includes the Sony (SNE) PlayStation 2, the Apple (AAPL) iPod, and the Nintendo Wii. The iPod has sold 200 million units worldwide. That, in the nomenclature of the electronics industry, makes it a once-in-a-generation success, a truly mass market product.
Bezos lowered the price on the Kindle to $249 from $299, and Amazon will release a version this month that can work over wireless networks in 100 countries. There is some compelling research that says people will not pay more than $200, or even $100, for an e-reader. That has not prevented Sony and Barnes & Noble (BKS) from entering the e-reader industry. Rumors are that Rupert Murdoch’s News Corp (NWS) will come out with a product of its own.
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Posted
Jul 30 2009, 03:53 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Nintendo (NTDOY) had its worst quarter in a long time. Sales of its aging Wii video console fell by over half to 2.23 million units for the last period. Profits also dropped by more than half to $447 million.
Nintendo only has a few options to turn its fortunes around.
The company could cut the price of the Wii, but it is already the least expensive product in a market that includes the Sony (SNE) PS3 and Microsoft (MSFT) Xbox 360. (Microsoft publishes MSN Money.) The Japanese company is also reluctant to harm its margins.
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Posted
Jun 12 2009, 07:07 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Video game and game console systems sales plunged in the US in May. According to industry research group NPD, software sales were down 17% to $449 million and sales of players dropped 30% to $303 million compared with the same month last year.
While the Nintendo Wii is still the market leader, it is losing share and losing it rapidly. Sales of the Wii dropped 15% from April to 290,000 units. Sales of the Microsoft (MSFT) Xbox 360 were flat at 175,000. Sony (SNE) PS3 sales moved up a bit to 131,000.
The drop in console spending is not a good indicator for consumer spending. Game platforms cost between $200 and $500 and are often used for hundreds of hours a month, making them cheap entertainment. The fact that consumers are shunning the purchase of moderately priced electronics is a sign that people still have serious concerns about the prospects for the economy and employment.
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Posted
Mar 12 2009, 03:56 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
The economy is so bad that many people live in a world where they shop at Wal-Mart (WMT) and eat at McDonald’s (MCD). Finding entertaining things to do has simply gotten too expensive.
Nintendo has been able to buck that trend with its least expensive and smallest product, the DS, or dual screen portable game player.
Sales of the electronics product passed 100 million units worldwide this month. Hitting that mark took a little over four years.
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Posted
Jan 29 2009, 10:01 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Alas, gone are the heady days of 2007, when Nintendo (NTDOF) raised its profit forecast twice, delighting investors who never imagined that the Wii system would be such a hit. "With a lineup of killer games on the way, the business will be smooth sailing," a Tokyo asset manager said at the time. Err, right. Fast forward a year or so, and Nintendo finds itself in the unfortunate position of cutting its forecast -- by a stunning 33%. That would be the first yearly profit dip in quite some time. And it's going to sell 1 million fewer Wiis than it thought. The news shocked
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Posted
Jan 29 2009, 04:06 AM
by
Bernhard Warner and Matthew Yeomans
Rating:
Money Blog: Top Stocks Blog - MSN Money
This post comes from partner site The Big Money.
Investors may not be happy with the performance of bank executives and their top employees these days, but, apparently, compensation committees are satisfied.
The New York Times kicks off its business coverage today with some numbers that are hard to swallow. New York's financial institutions paid out a gaudy $18.4 billion in bonuses in 2008, "the sixth-largest haul on record," it reports.
Citing figures released by the New York State comptroller, the NYT calculates, "Wall Street workers still took home about as much as they did in 2004, when the Dow Jones industrial average was flying above 10,000, on its way to a record high."
Meanwhile, the bonus largesse Merrill Lynch bosses distributed in the firm's dying days continues to dog former CEO John Thain.
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Posted
Nov 12 2008, 03:35 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Apple's iPhone does everything. It is a phone, a multimedia player, a Web browser, and a washing machine.
Now, Apple wants the iPhone to be a gaming platform and it is going to take on the remarkably successful Nintendo DS and Sony Playstation Portable, which currently rule the mobile video game market.
According to The Wall Street Journal, "Developers are being lured by Apple's online method for delivering games, which has lowered distribution costs and made it possible to profit on games that sell for just a few dollars or are given away with advertising."
Just because there are games available does not mean that consumers will play
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Posted
Sep 09 2008, 11:17 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
When it comes to portable gaming devices, Nintendo is king. The company has sold 80 million DS systems, and its legacy with the GameBoy line dates back nearly 20 years. Nintendo owns this category, hands down.
Yet that isn't stopping Apple, which boldly stated today that it has "the best portable device for playing games." Apple's iPhone and iPod Touch can play tons of games, including sports, racing and other action titles. And the graphics look pretty good, certainly equal to, if not better than, what you get on Nintendo's players. Apple unveiled new iPods and an iPhone update today.
Can Apple really expect to go after the Nintendo empire? As much as Apple wants to believe otherwise, the iPhone is not a gaming device. It's a phone first, and secondly a platform for applications, including games. And no one is buying the iPod Touch primarily as a game player.
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Posted
Sep 04 2008, 04:36 AM
by
Douglas McIntyre
Rating:
Money Blog: Top Stocks Blog - MSN Money
Microsoft has decided that it would rather be the video game market share leader than make a buck at the business. (Microsoft is the publisher of MSN Money.)
Redmond cut the price of its Xbox 360 to $199. That drops it from its previous sticker of $279. The action may take some business away from the Sony PS3, but it is more clearly aimed at market leader Nintendo which has remained in the front spot for months with its $250 Wii.
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