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Nintendo Boosts Content With Launch of Nintendo Switch Online
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Nintendo (NTDOY - Free Report) is expanding its Switch offerings through the launch of Nintendo Switch Online service at $20 per year.
With the most competitive offering in the market, Nintendo is bringing additional titles to Switch including original games. Users will currently have access to 20 classic Nintendo Entertainment System (NES) games in Switch. More titles will be added going forward.
To further boost its offering, Nintendo is releasing a new wireless NES controller for Switch. The new controller has additional features than its previous version, enabling a simple plug and play experience.
With the new online offering, Nintendo joins Microsoft’s (MSFT - Free Report) Xbox Live Gold and Sony’s PlayStation Plus in terms of providing cloud-based data backup service and voice chat, especially for multi-player online games.
Nintendo Switch continues to boost console sales with total unit sales of 19.7 million in the last reported quarter. Management also reiterated its 20 million hardware unit sale forecast for fiscal 2019, which would amount to a 33% year-over-year increase.
Notably, in the last reported quarter, revenues from Nintendo Switch contributed 77% to total revenues and grew 25% year over year.
Donkey Kong Country: Tropical Freeze released in May and Mario Tennis Aces released in June were off to a good start as these sold 1.4 million and 1.38 million units, respectively worldwide. Moreover, Nintendo is gearing up for future releases such as Animal Crossing, Luigi’s Mansion 3, Super Mario Bros. 3, The Legend of Zelda, Ice Hockey, Pro Wrestling and U Deluxe among others.
Revenues are expected to increase further as the company is generating solid revenues with classic titles and new additions.
Partnerships: A Tailwind
Apart from original title releases, Nintendo’s partnership with third parties to provide a diversified gaming experience to its users is a positive.
Take Two (TTWO - Free Report) recently launched Sid Meier's Civilization VI, which will be available on Nintendo Switch from Nov 16. The game, which was earlier only available on PC, Linux, and iOS platforms, will now help Nintendo gain an edge over Sony’s PS4.
Additionally, Electronic Arts' FIFA 19, which is set to release on Sep 28, will also be made available on Nintendo Switch. Moreover, Nintendo is further differentiating its gaming content by providing exclusive Fortnite pack that will be available from Oct 5.
Competition Likely to Hurt
However, Nintendo is finding it difficult to grab a share of the market due to the dominance of Microsoft and Sony in the gaming market.
At the Electronic Entertainment Expo (E3) 2018, Microsoft unveiled 52 games, comprising 15 world premieres, 18 Xbox One and Windows 10 exclusives. Moreover, Microsoft announced its newly developed gaming studio, The Initiative. The company, which acquired Playground Games, and intends to buy Compulsion Games, Ninja Theory and Undead Labs doubled Microsoft’s gaming studios portfolio.
Moreover, Sony is also going strong as it has been successful in selling more PlayStation4 (PS4) consoles than Nintendo, bringing its total unit sales to 82.2 million during the same period.
Nevertheless, if Nintendo can build an exciting catalogue of games to boost user engagement, it will boost revenues. Moreover, with the company’s partnerships and feature additions, we believe, revenues will further increase for this Zacks Rank #3 (Hold) company.
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Nintendo Boosts Content With Launch of Nintendo Switch Online
Nintendo (NTDOY - Free Report) is expanding its Switch offerings through the launch of Nintendo Switch Online service at $20 per year.
With the most competitive offering in the market, Nintendo is bringing additional titles to Switch including original games. Users will currently have access to 20 classic Nintendo Entertainment System (NES) games in Switch. More titles will be added going forward.
To further boost its offering, Nintendo is releasing a new wireless NES controller for Switch. The new controller has additional features than its previous version, enabling a simple plug and play experience.
With the new online offering, Nintendo joins Microsoft’s (MSFT - Free Report) Xbox Live Gold and Sony’s PlayStation Plus in terms of providing cloud-based data backup service and voice chat, especially for multi-player online games.
Nintendo Co. Revenue (TTM)
Nintendo Co. Revenue (TTM) | Nintendo Co. Quote
Switch’s Contribution to Revenues
Nintendo Switch continues to boost console sales with total unit sales of 19.7 million in the last reported quarter. Management also reiterated its 20 million hardware unit sale forecast for fiscal 2019, which would amount to a 33% year-over-year increase.
Notably, in the last reported quarter, revenues from Nintendo Switch contributed 77% to total revenues and grew 25% year over year.
Donkey Kong Country: Tropical Freeze released in May and Mario Tennis Aces released in June were off to a good start as these sold 1.4 million and 1.38 million units, respectively worldwide. Moreover, Nintendo is gearing up for future releases such as Animal Crossing, Luigi’s Mansion 3, Super Mario Bros. 3, The Legend of Zelda, Ice Hockey, Pro Wrestling and U Deluxe among others.
Revenues are expected to increase further as the company is generating solid revenues with classic titles and new additions.
Partnerships: A Tailwind
Apart from original title releases, Nintendo’s partnership with third parties to provide a diversified gaming experience to its users is a positive.
Take Two (TTWO - Free Report) recently launched Sid Meier's Civilization VI, which will be available on Nintendo Switch from Nov 16. The game, which was earlier only available on PC, Linux, and iOS platforms, will now help Nintendo gain an edge over Sony’s PS4.
Additionally, Electronic Arts' FIFA 19, which is set to release on Sep 28, will also be made available on Nintendo Switch. Moreover, Nintendo is further differentiating its gaming content by providing exclusive Fortnite pack that will be available from Oct 5.
Competition Likely to Hurt
However, Nintendo is finding it difficult to grab a share of the market due to the dominance of Microsoft and Sony in the gaming market.
At the Electronic Entertainment Expo (E3) 2018, Microsoft unveiled 52 games, comprising 15 world premieres, 18 Xbox One and Windows 10 exclusives. Moreover, Microsoft announced its newly developed gaming studio, The Initiative. The company, which acquired Playground Games, and intends to buy Compulsion Games, Ninja Theory and Undead Labs doubled Microsoft’s gaming studios portfolio.
Moreover, Sony is also going strong as it has been successful in selling more PlayStation4 (PS4) consoles than Nintendo, bringing its total unit sales to 82.2 million during the same period.
Nevertheless, if Nintendo can build an exciting catalogue of games to boost user engagement, it will boost revenues. Moreover, with the company’s partnerships and feature additions, we believe, revenues will further increase for this Zacks Rank #3 (Hold) company.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>