The move coincides with the debut of two new game consoles from Microsoft and Sony, a generational change that comes every seven years or so
New Xbox and PlayStation devices launching this week will likely face an uphill battle in Japan, where Nintendo Co.'s Switch enjoys dominance
The stock added another 4.8% on Monday, the biggest gain since March 19, with Daiwa Securities Co.'s Eiji Kinouchi citing the impact of the stock's popularity with US retail investors
Nintendo has proved a winner of the pandemic as stuck-at-home gamers flock to titles like "Animal Crossing", which sold 10.6 million units in the first quarter
Nintendo sold 56% of its games digitally in the first quarter compared to 38% a year earlier, boosting profit margins
The Kyoto-based gaming company posted operating profit of 89.4 billion yen for January-March
Nintendo "could sell multiples of what is in the inventory at the moment", said Serkan Toto, founder of game industry consultancy Kantan Games
ValueAct has picked up about 2.6 million shares, or about a 2% stake, in Nintendo. Shares of the Japanese company rose more than 2% as trading started in Tokyo
The move comes more than a decade after rivals Sony Corp. and Microsoft Corp. started similar products that today generate billions of dollars in subscription fees
2017 brings the release of Nintendo's newest console: Switch
Company is aiming to sell more than 2 million consoles in its first month
The Kyoto-based games giant on Friday filed a lawsuit against MariCar
Firm's idea for next gaming trend leaves few impressed
Nintendo shares plunged by the most since 1990 after the company said late on Friday that the financial impact from the worldwide hit Pokemon GO will be limited.The stock sank 18 per cent to 23,220 yen at the close in Tokyo, the maximum one-day move allowed by the exchange, wiping out 708 billion yen ($6.7 billion) in market value. After debuting in the US earlier this month, Pokemon GO launched in Japan on Friday and became available in Hong Kong on Monday.The correction comes after Pokemon GO's release almost doubled Nintendo's stock through Friday's close, adding $17.6 billion in market capitalisation. Nintendo is a shareholder in the game's developer Niantic and Pokemon, but has an "effective economic stake" of just 13 per cent in the app, according to an estimate by Macquarie Securities analyst David Gibson."It's still possible to say that in the short-term it's overheated," said Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities. In a press release after the market closed on F
Nintendo shares ended Tuesday up 14.4% at 31,770 yen, bringing its gains to more than 100% since launch of game
Pokemon Go game has been the most downloaded app on iOS and Android stores where it is available in select countries
Investors cheer the runaway success of Pokemon GO; game was installed on more than 5% of Android devices in US
The shares of Nintendo fell 6.1 per cent in German trading following the announcement