Tag: Business - Page 6
News Media Create Boss Says Switch Will Have A Seven Year Life Cycle, Sales To Grow In Third Year
Will we still be playing in 2024?
The Switch has had an impressive first couple of years on the market, selling well and earning records left, right and centre, but this financial year was tainted ever so slightly by lofty targets. Originally, Nintendo expected to ship 20 million units, having to cut this down to a more modest 17 million due to...
News Players Have Spent Approximately $2.5 Billion On Pokémon Smartphone Games
No prizes for guessing the highest earner
Pokémon's a pretty popular franchise, and smartphones are pretty popular devices, so combining the two was probably a pretty smart idea. Well, as it happens, it definitely was a smart idea, as new data suggests that players have now spent an approximated $2.5 billion on the games to date. The data comes...
News Nintendo Tells Mobile Partners To Limit Microtransactions So That Players Don't Spend Too Much
Players and brand reputation come first
Nintendo's delve into the world of mobile gaming came as quite a shock, especially considering the Japanese giant had barely even scratched the surface of the new and rapidly emerging practice of paid DLC at the time. The company has often been thought to be slightly behind the times when compared to its main...
News Activision Admits Recent Layoffs "Could Negatively Impact Business"
"No assurance that our business will be more efficient or effective"
Given the sheer volume of cash involved in games development these days you'd assume that a company the size of Activision Blizzard would be capable of conducting its business in a sensible manner, but that doesn't appear to be the case, given recent events. We reported a short...
News Reggie Fils-Aime Is Retiring After 15 Notable Years At Nintendo of America
Bowser named new president!
After a more than successful product launch with the Nintendo Switch and 15 notable years at Nintendo of America, it comes as something of a shock as it is revealed that Reggie Fils-Aime will soon be retiring from the company. With almost 13 years under his belt as President and COO, Reggie has become something of a...
Random The Carlton Dance Might Be Fair Game For Fortnite After All
Flipped, turned upside down
Has the Fortnite dance craze peaked? You'll have to consult a seven-year-old for an answer to that, but Epic Games is still subject to legal action related to the celebratory dances that players can break into as they battle royally in the free-to-play hit. Other games, such as Microsoft's Forza Horizon 4, have headed...
"It is a very good place to work"
The proportion of female employees in hardware and software development departments at Nintendo was one of the many topics raised during the company’s recent Q&A session, which has now been translated. According to Nintendo Director and Senior Managing Executive Officer Shinya Takahashi, the company has...
Future targets will be even higher, though
At the end of last month, Nintendo revealed that it had cut its original 20 million Switch hardware sales target for the current financial year, instead resetting that estimate to 17 million. The change was based on lower-than-expected sales for the first nine months of the year, and resulted in an immedi
"We felt good about the platform"
When Civilization VI was first confirmed for Nintendo Switch last September, turn-based strategy fans were instantly excited at the prospect of taking the series on the go. As it turns out, it would appear that the game has performed very nicely indeed as a result. The game launched on the platform in November to...
News Nintendo Sees Stock Fall By 9% After Cutting Its 20 Million Switch Sales Target
Ouch
Yesterday, Nintendo shared financial data, sales figures and more from its Nine Months Earnings Release, revealing that it has slashed its bold 20 million Switch hardware sales target for the financial year. As is becoming a somewhat usual occurrence, the company's stock has fallen by a dramatic amount as a result, with investors seemingly...
News Nintendo Is Not Considering A Switch Successor Or Price Cut At This Time, Says President
"Switch is our primary sales objective"
Despite the fact that the Switch has been selling like hotcakes as of late, actually outselling its main rivals to become the best-selling console of 2018 in the US, rumours and mumblings of a potential new model (or a price cut to the existing model) have been circulating for some time. Earlier this month,...
News Future Business Shift Could See Nintendo Move Away From Home Console Development
And increase the amount of games on smartphones
Shuntaro Furukawa replaced Tatsumi Kimishima last year as Nintendo's global president. Shortly after he was appointed, Furukawa mentioned how he "grew up" with Nintendo and would respect its traditions: originality and flexibility. With this in mind, during a recent interview with Nikkei - as...
News Nintendo Still Expects To Hit 100 Million Switch Software Sales This Financial Year
Holiday season has gone well
Nintendo president Shuntaro Furukawa has revealed that the company is still confident in reaching its 100 million Switch software sales target for the financial year, with holiday season sales progressing well. Sales of Switch software reached 42.13 million during the period between April and September this year, with...
News Publisher THQ Nordic Acquires Carmageddon IP From Stainless Games
Retro revival
Austrian video game publisher THQ Nordic has announced its acquisition of the Carmageddon intellectual property from the creator Stainless Games. The vehicular combat series first started out on the PC in 1997 and was later ported to multiple other platforms. It also received a number of follow-up titles including a reboot in 2015...
News Nintendo's Share Price Hit By Largest Drop In Two Years After Nvidia Shares Crash
Falling by more than 10%
Nintendo's share price fell by more than 10% today, resulting in the largest drop experienced by the company since 2016. Share prices began to fall early this morning (in Japanese local time), continuing to plummet for the majority of the trading day. Shares fell to as low as ¥31,350 at one stage (which is as low as it has...
News Russian Nintendo CEO Caught Ranting On Official Live Stream As Management Breaks Down
"I will fire you"
Nintendo Russia CEO Yasha Haddaji Nintendo's Russian branch is seemingly rife with mismanagement. Following yesterday's news Pokémon: Let’s Go, Eevee! would only be available in limited supplies - leaving many locals scratching their heads - a video has now emerged online of the Nintendo Russia CEO Yasha Haddaji losing his...
News Epic Games Closes $1.25 Billion Investment Deal Thanks To Success Of Fortnite
Money maker
If it wasn't already evident, the free-to-play title Fortnite has a been a huge success for Epic Games. In the latest news, Epic has closed a $1.25 billion investment deal with a group of private equity backers. KKR, ICONIQ Capital, Smash Ventures, aXiomatic Gaming, Vulcan Capital, Kleiner Perkins and Lightspeed Venture Partners are now...
News Sega Wants Simultaneous Video Game Releases Worldwide
Also plans to revive idle IP
Sega Sammy's integrated report for 2018 has revealed one of the Japan-based company's "Road to 2020" objectives is to simultaneously release games worldwide. The report touches on the localisation of Japanese games and explains how better quality translations result in a more positive reception from players worldwide...
News Reggie Says Wii U's Failure Ultimately Led To Success Of The Switch
Listening to consumers
The Wii U era was a difficult part of Nintendo’s history. Despite this, Nintendo of America President Reggie Fils- Aimé believes it was a vital period for the company. Speaking on stage at this week's GeekWire Summit, Reggie said the Wii U gave Nintendo a strong idea about what consumers really wanted: They were telling...
News Despite The Recent Bankruptcy and Layoffs, Retailer Toys 'R' Us Might Be Making A Comeback
Reorganisation to take place
The auction which aimed to sell off assets for toys and games retailer Toys 'R' Us has been cancelled as part of a potential move to revamp the brand and revive the business. According to court papers which were filed earlier this week, and reported on by the Wall Street Journal, the lenders currently in control of the...
News Vivendi Set To Sell All Shares In Ubisoft By March 2019
Safe for another day
Vivendi has revealed that it will sell all of its shares in Ubisoft by 5th March 2019, finally putting an end to the power struggle that has been taking place between the two firms over recent years. Ubisoft has been fending off an "unsolicited and unwelcome" takeover bid from Vivendi for some time now; back in 2015, the mass...
News Sony Will Step Away From The Handheld Games Business In 2019, Leaving It All To Nintendo
2004-2019
Sony has now been in the handheld video game business for 15 years. It first began with the release of the PlayStation Portable in 2004 - a device created to tap the Nintendo dominated market and appeal to older audiences with additional features such as the ability to play music and movies. This eventually followed with a revised and...
News Happy 129th Birthday, Nintendo
129 years young
Nintendo is today one year older. It's now been 129 years since entrepreneur Fusajiro Yamauchi originally founded the Japanese company. Established way back in 1889 as a Hanafuda playing card manufacturer, Yamauchi opened his first shop "Nintendo Koppai" in Kyoto. Eventually, he was succeeded by his son-in-law Sekiryo Kaneda...
Video The "Completely Insane" Policies Of Nintendo President Hiroshi Yamauchi
Saving the day with his draconian ways
Nintendo's third president, Hiroshi Yamauchi, was famously disinterested in video games, preferring to play more traditional Japanese board games. Despite this, he's also known for modernising Nintendo and transforming the video game market. Although we've heard plenty about Yamauchi's life previously, in...
News Terraria Publisher 505 Games Expands Coverage To Japan And South Korea
World domination
Publisher 505 Games - a subsidiary of the Italian company Digital Bros. - is reportedly expanding its horizons by opening a new branch in Toyko. According to Japanese publication Famitsu, this office will also cover South Korea. The new office is said to specifically focus on intellectual property management and licensing. Digital...
News Sega Of America Appoints Ian Curran As New President
A shift at the top
Sega of America has announced the appointment of Ian Curran as the company's new Chief Operating Officer (COO) and President, effective from today. In this new role, Curran will be responsible for "utilising all resources available to maximise the profitability of the publishing and Sonic business units within the Americas and...
News The US Trader Who Bet $400 Million Against Nintendo Takes Huge Hit As Stock Price Soars
Never bet against Nintendo
If you regularly browse the lovely pages of Nintendo Life, you may recall a news story from a couple of days ago which revealed a US trader had effectively placed a $400 million bet against Nintendo by short-selling the company's stock. As it turns out, this plan appears to have somewhat backfired. U.S. hedge fund...
News Nintendo Has Sold 19.67 Million Switch Consoles To Date
With 86.93 million units of software
Nintendo has announced its financial results for the first quarter of the current fiscal year, which covers the period from April through to June 2018. In the report, the company has given sales-to-date figures for its current hardware, as well as data specific to the quarter. As you might imagine, Switch is...
News US Trader Rubs Salt Into Nintendo's Share Drop Wounds With $400 Million Bet Against The Company
Investors' concerns are growing
A US trader has accumulated a $400 million short bet against Nintendo, piling on new concerns surrounding the company's stock value going forward. Nintendo's stock prices have been all over the place in recent times, with a large number of dramatic falls since E3 piling pressure on the Japanese giant. A lack of...
News Nintendo Wants To Release 20-30 Indie Games Every Week On Switch
Too much of a good thing?
It's pretty safe to say that the Switch has a lot of games. Just last month, Nintendo of America president Reggie Fils-Aimé revealed that the console library already had a staggering 700 games available (in just 16 months of the system being on sale) and it seems that Nintendo has absolutely no intention of...
News GameStop Reveals That Switch Sales Doubled In The Week After E3
Nintendoomed
GameStop, the North American video game retailer giant, has revealed that Nintendo Switch sales doubled in the week following E3. With Nintendo's share prices taking multiple hits after the E3 presentation, and after a rather mixed reaction from fans watching the show from around the world, it would be easy to assume that the last...
News Nintendo's Share Price Falls Yet Again With A Lack Of Game Announcements Possibly To Blame
Investors have more concerns
Today has seen yet another significant drop in Nintendo's share price, falling by 5.27% by the end of the trading day in Japan. We've seen several fluctuations in share price over the last few weeks, with the most recent drop seemingly being linked to Nintendo's E3 presentation. It was suggested that the drop was...
News Nintendo's New President Wants To Put More People In Touch With Mario, Link And Samus
Striving to "produce new surprises"
Nintendo Co., Ltd. has a new president in the shape of Shuntaro Furukawa, and he's delivered his first official statement in his new role. Translated by Kite Stenbuck, the message outlines Furukawa's basic aims over the next few years: This is Shuntaro Furukawa who has been appointed as the...
News Epic Is Suing Former Employee For Leaking Major Fortnite Details Before Release
Claims a non-disclosure agreement has been breached
A former employee of Epic Games is reportedly being sued by the company for leaking details surrounding Fortnite's fourth season, sharing information on its themes and plot points before its official release. As the game's third season was coming to a close, excitement began to rise amongst...
News Nintendo Says Switch Success Is Due To Clear Marketing, As Opposed To Wii U's Failure
A lesson learned?
If you spend a decent amount of time on the beautiful pages of this very website, you'll no doubt be aware of the Switch's shocking levels of early success. It only took the console ten months to sell more units than the Wii U managed in its entire lifetime in Japan, which sounds like an incredible achievement on paper, but...
News Sony's Share Value Takes A Hit Following Fortnite Account Woes On Nintendo Switch
But will it change its mind?
Share prices sure are in the news a lot this time of year. We've already heard that Nintendo's value has taken a hit following its E3 presentation, and now it's Sony's turn. The news that Switch owners who have previously played Fortnite on PS4 cannot transfer their progress to Nin
News Nintendo's Reggie Fils-Aimé Hits Back At Analysts After Recent Share Price Drop
"There’s a lot more up our sleeve"
Immediately after Nintendo's E3 Direct earlier this week, the company's share value took quite a hit, dropping over 6% in a single day. The main concerns were reportedly related to a lack of new and exciting content being shown, and worries over how Nintendo will continue to please and surprise gaming fans over...
News Nintendo's Share Price Plummets In Response To E3 Direct
Ups and downs
Nintendo's share value has been all over the place just recently; a large jump in price was seen after the Pokémon: Let's Go, Pikachu! and Let's Go, Eevee! reveals, followed by an equally large drop after rep
News Nintendo Share Drop Due To Concerns Over E3 And Switch Online Services, Claim Analysts
"They’re years and years behind on the network business"
Yesterday, we reported that Nintendo's share value had sunk amid reports that its mooted 'Quality of Life' project had been scrapped. However, we're now hearing reports that the two-day drop - the biggest Nintendo stock has experienced in 18 months - is also related to a lack of confidence...
News Nintendo Is The "Cheapest Game Stock In The World" – But Not For Long
Analysts believe operating profit could more than triple in two years
On Thursday, Nintendo posted their financial results for the fiscal year ending in March 2018 – predictably outlining the Switch’s phenomenal performance, which resulted in an over 500% increase in profits for the videogame giant. However, Nintendo was conservative with its...
News I Grew Up With Nintendo And Will Respect Its Traditions, Says New President Shuntaro Furukawa
"I grew up playing the Famicom and come from that generation"
Shuntaro Furukawa has given his first interview since the news broke that he would be replacing Tatsumi Kimishima as Nintendo's president. Speaking at a news conference today, Furukawa acknowledged his history with the company, and stated his desire to push the firm onto new...
News Nintendo Expects To Sell Another 20 Million Switch Consoles This Financial Year
Along with 100 million units of software
Nintendo has said that it expects to shift 20 million Switch systems in the current financial year, which ends in March 2019. The company has issued this bold projection as part of its yearly financial summary, where it confirmed that almost 18 million consoles have been sold since the Switch launched in...
News Shuntaro Furukawa Is Nintendo's New President
Pokemon Board Member Appointed as Kimishima Steps Down
At Nintendo's financial report in Tokyo this afternoon, it has been announced that 68 year old Tatsumi Kimishima will step down in June after nearly three years as President of the company. He will be replaced by board member of both Nintendo and The Pokémon Company, Shuntaro...
News Toys R Us Is Closing All Of Its US And UK Stores
So long, and thanks for all the toys
It's been coming for a long time, but we now have confirmation that beleaguered retailer Toys R Us is shutting all of its US and UK stores. Toys R Us filed for bankruptcy protection in the United States last year, but was hopeful that a buyer could be found or that its current debts could be restructured in a...
News Toys R Us Is Preparing To Liquidate Its U.S. Business, Reports Claim
The curtain falls
Beleaguered toy retailer Toys R Us is preparing to liquidate its bankrupt U.S. operations, it has been claimed. Bloomberg is reporting that the move comes after the company - which was declared bankrupt last September - failed to find a buyer or come to any deal regarding restructuring its massive amounts of debt. The report comes...
News Switch Helped Nintendo Grab 22 Percent Of The Games Market In 2017
Nintendo rises, Microsoft declines
Financial service company IHS Markit has released a report which highlights just how good a 2017 Nintendo had. According to the study, gamers spent more on consoles, software and services last year than at any time since 2011. Nintendo's share of the games market jumped from 9 percent to 22 percent, thanks to the...
News Switch Is A "Fantastic Platform" For Indie Developers, Says Curve Digital
"The Switch community is absolutely thriving"
The Switch's incredible commercial performance has not only given Nintendo a much-needed boost; it has also created opportunities for publishers and developers of all shapes and sizes, too. The console's eShop is packed with indie titles and we're seeing a number of those getting released in...
News Nintendo Switch Helped UK Games Market Grow More Than 12 Percent In 2017
Market was worth £5.11 billion
The UK games market grew 12.4 percent in 2017 to £5.11 billion, thanks in part to the incredible success of the Nintendo Switch. The introduction of Nintendo's new console saw hardware sales jump 29.9 percent. Sales of physical software rose 3.1 percent, but the pre-owned market fell by 15.1 percent, a...
News THQ Nordic Acquires Deep Silver Owner Koch Media In $150 Million Deal
Former THQ brands all united under one roof
Publisher THQ Nordic is set to acquire Koch Media in a deal understood to be worth €121 million ($149.6 million). The deal is for the entirety of Koch's business, which includes the video game publisher Deep Silver. Deep Silver oversees franchises such as Saints Row, Dead Island and Metro, and is acting...
News Nintendo Believes That The Switch Could Sell Beyond The Usual 5-6 Year Console Life Cycle
To infinity and beyond
Unless you've been living under a very sad and lonely video game-deprived rock, you'll no doubt be aware that the Switch is selling like the very best hot cakes the world has ever seen. In a rather enticing statement, Nintendo's Shigeru Miyamoto has hinted at the possibility that the console may be able to take things one step...
