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Business

“Nintendo profit falls 55% as sales of its ageing Switch console plunge”

“Nintendo revenue and profit plunged in its firscal first quarter as sales of its ageing Switch console decline. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding… Continue Reading…

Stocks

“Nintendo Shares Hit Record, Helping Lift Japanese Stocks to Another Multidecade High”

“…Nintendo shares hit a record closing high of 7,823 yen Wednesday, or about $54.14. The videogame company’s shares have gained ground since late last year, reflecting solid earnings and expectations over the potential launch of a new console to succeed the current… Continue Reading…

Business

“Nintendo hikes profit forecast as Mario movie, Zelda game breathe new life into Switch console”

“Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it continues to get a bump from the “Super Mario Bros. Movie” and flagship Zelda game released this year. Here’s how Nintendo did in its fiscal second… Continue Reading…

Stocks

“Nintendo carries out 10-for-1 stock split to lure new investors to the Japanese gaming giant”

“Nintendo carried out its previously announced 10-for-1 stock split on Thursday aimed at reducing the price of one individual share to attract new investors to the more than century old Japanese gaming giant. Prices for Nintendo’s stock reflected the split on the Japanese… Continue Reading…

Business

“Nintendo unveils new video game console that launches this fall as chip shortages continue to plague supply”

“Nintendo on Tuesday announced a new version of its popular Switch game console. The new model has a larger and more colorful screen and will be available on Oct. 8 for $349.99. That price is a premium over the $299.99 for the… Continue Reading…