Tag: Business - Page 6
News CD Projekt Red Not Worried About VR, As It Remains A "Very Small" Market
Senior VP of business development says it's extremely niche
Virtual Reality has been touted as the next big thing in the video game industry. There are high-end headsets available for PC, and on the console front, Sony has released a more affordable experience for the PlayStation 4. Even Nintendo had some fun with this idea earlier this year when it...
News Nintendo Stock Value Rises Thanks To Pokémon Sword And Shield Success
Increased Switch sales will have helped, too
The robust performance of Pokémon Sword and Shield combined with increased hardware sales has caused Nintendo's stock price to jump to its highest point since May 2018. Nintendo's stock price is currently $49.54, while at the close of May 2018, it rose to $50.05 before dropping down to a low of $31.91...
News Nintendo Wants To Sell Switch "For As Long As Possible", Has "No Plans" To Cut Pricing
"We want to maintain the value of our products"
If you've picked up a Nintendo Switch or Nintendo Switch Lite recently, you'll be pleased to hear that Nintendo is keen to keep the console relevant for years to come (which, let's face it, probably shouldn't come as much of a shock). During a Q+A session held at Nintendo's six-month financial results...
News We're Not Trying To Be The Next Disney, Says Nintendo President
"We’ve never tried to imitate any other company"
Nintendo's main business may be making games, but like any company with a vast library of IP and characters, it is no stranger to leveraging its assets to make additional cash. Nintendo merchandise is everywhere right now, and the company is currently constructing its very own theme park in Japan...
Gotta mine those "dormant intellectual properties"
The critical and commercial success of Monster Hunter World and the Resident Evil 2 remake has convinced Capcom that it is sitting on a potential goldmine of classic titles. In its recent investor report, Capcom states that it plans to revive "dormant" franchises alongside creating new IPs. While...
News So, AtGames Is Having A Crazy Week
Sued by Bandai Namco and Walgreens, but it got what it wanted
AtGames is a name that will be familiar to those who have a keen interest in the retro gaming sector; the company has been making licenced hardware for years, working with the likes of Namco and Sega to repackage classic titles for the modern audience – often with less than impressive...
News Nintendo Shares Rise To Highest Point In 15 Months As Switch Lite Launch Nears
Happy times ahead?
Shares in Nintendo climbed to the highest point seen in over 15 months yesterday, just days ahead of the release of its latest hardware revision, the Nintendo Switch Lite. Nintendo's stock ended Tokyo trading at ¥42,390 on Wednesday, after peaking at ¥42,570 just hours before. According to VGC, this is the highest close seen...
News GameStop Set To Close 180 - 200 "Underperforming" Stores This Fiscal Year
With more closures to come
American gaming retailer GameStop has revealed that it plans to close "between 180 and 200 underperforming stores globally by the end of this fiscal year". The news comes from the company's Q2 earnings call, where CFO James Bell noted that GameStop wishes to "de-densify" its chain despite 95% of its 5,700 worldwide stores...
News Nintendo's Digital Sales See A Whopping Year-On-Year Jump
Mobile business also ticking along nicely this quarter
Sorry physical fans - the relentless march of the ephemeral non-physical future continues according to Nintendo's freshly released financial results for the April-June period. The first quarter of the financial year sees the company's digital sales business in rude health with digital sales on...
News Nintendo Reportedly Exploring Production Alternatives Outside China
Joins other electronics manufacturers looking at alternatives
Video games consoles can be expensive at the best of times and proposed tariffs on Chinese goods by the current US administration have the potential to drastically increase the cost of hardware of consumers. Recently, Nintendo, Sony and Microsoft penned a joint open letter highlighting...
News EA CEO Defends Microtransactions, Says It’s "Actually Possible" To Do It Right
A candid conversation
Electronic Arts CEO Andrew Wilson recently sat down for his first interview “in a couple of years” with GameDaily.biz to discuss the company’s mistakes and accomplishments in recent times. He’s been at EA for 19 years, was the former head of EA Sports and has now led the global video game giant for the past six years...
News Nintendo, Sony And Microsoft Band Together To Fight Tariffs On Video Game Consoles
United as one
If you keep up with global politics or happen to live in North America, you might have heard about recently proposed tariffs on Chinese goods by the Trump administration. In a rare display – Nintendo, Sony and Microsoft have joined forces (in a seven-page letter) to warn the American government about the impacts this could...
News Nintendo's Market Value Drops By $1 Billion After Animal Crossing Switch Delay
Tom Nook won't be best pleased
During its E3 Direct presentation, Nintendo revealed that the hotly anticipated Animal Crossing: New Horizons has been delayed until 2020. Some fans were left upset, and others excused the delay if it means we'll get the best possible final product, but it would appear that investors were not happy with the news at...
News The Pokémon Company Rakes In $124 Million Net Profit, A 50% Year-On-Year Increase
An impressive financial year
Newly released details have revealed that The Pokémon Company generated $124 million in net profit during the last financial year. The news comes from the Japanese government's Official Gazette (thanks, KantanGames), with that figure including profits earned through Pokémon GO and Switch games Pokémon: Let's Go,...
News Nintendo Hints At Further Switch Online Exclusives Following Tetris 99
"We need to continue offering elements like this"
In a newly translated Q&A with investors from the end of March, Nintendo President Shuntaro Furukawa has highlighted the success of Tetris 99 as a factor for increased Nintendo Switch Online subscriptions and hinted at further exclusives to help drive interest in the service. Responding to...
News Nintendo President Comments On The Risks Of A Potential Hostile Takeover
"We do have systems in place"
In a Q+A session during Nintendo's financial results briefing for the year ending March 2019, shared today on Nintendo's website, company president Shuntaro Furukawa addressed a question which explored the possibility of a hostile takeover. Just like the events of Ubisoft's recent battle against Vivendi, where the...
News Nintendo 'Must Keep Up' With Cloud Tech, But Sees Further Potential In Dedicated Hardware
"Delivering unique entertainment... will continue to be our top priority"
As rumours and whispers of new consoles from all the big companies abound (as they always do at this point in a console generation), and with Google preparing its entrance into the gaming space with its cloud-based Stadia tech, questions are starting to be asked of Nintendo's...
News Sega Will Reduce Number Of New Digital Releases After Facing $17 Million Loss
Will now focus on existing IPs
Sega is set to dial down the number of digital games it develops after seeing lower-than-expected results from that particular area of business last year. Instead, its focus will shift towards its existing IPs. Sega Sammy Holdings, Sega's parent company, has said that its digital games segment fell "significantly...
Reminder Reggie Fils-Aimé Retires As Nintendo Of America President Today
All the best, Reggie!
Back in February, Reggie Fils-Aimé announced that he would be stepping down from his role as Nintendo of America President on 15th April. Time has raced by since then, as it so often does, and we've now reached that very day. The first time we, as Nintendo fans, saw Reggie walk out onto the stage was during E3 2004. “My...
News Nintendo Is The Ninth Most Reputable Major Company In The US, According To Study
Netflix takes top prize
A US study investigating the reputation of major companies has ranked Nintendo in ninth place, putting the Japanese gaming giant just ahead of The LEGO Group. The study, carried out by Reputation Institute, reportedly assessed the reputation of more than 2,200 companies in the US, undertaking over 167,000 individual ratings...
News EA Laying Off Around 350 Employees Across Multiple Divisions
"This is a difficult day"
Video game publishing giant Electronic Arts is laying off around 350 employees across its marketing, publishing and operations divisions. In an email to employees, EA CEO Andrew Wilson said the company had "a vision to be the world's greatest games company" and to do this, it would streamline its organisation to meet the...
News Rumours Of New Switch Models Cause Nintendo's Share Price To Significantly Rise
Investors seemingly on board
Yesterday, we shared a report from the Wall Street Journal which states that Nintendo is planning to release two new Switch models later this year. These claims haven't been confirmed or commented on by Nintendo itself, but the company has seen a significant share price rise as a result. The report suggests that both a...
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...