|From: blacksheep (Rep: 335) reply to blacksheep||Date: 06/26/2017 13:27|
|Forum: Nintendo - Msg #21||Thread #673932637 (Rec: 0) |
|Re: 39.80 Trading at 7 year high_> 44.23 Still looking Super Nintendo|
Looking to catch more coins in a bottle, Nintendo (NTDOY +2.1%) will officially release a mini-console version of its venerable Super Nintendo console on Sept. 29.
The company found a surprise Christmas-season hit by making a miniature version of its classic Nintendo console, with games built in rather than requiring cartridges.
That device, the NES Classic Edition, was in short supply and is now discontinued. It retailed for $60, with $10 controllers sold to add on.
The SNES Classic Edition will sell for $80 and have two controllers included; it also promises a previously unreleased Super Nintendo game, Star Fox 2, along with a handful of era-appropriate games from the Mario family.
Between the higher price and the fact that Nintendo owns more of the games included on the system this time (14 of 21 titles), a similar frenzy for this new mini-console could give a boost to bottom lines.
| Reply to blacksheep - Msg #19 - 06/14/2017 07:31|
39.80 Trading at 7 year high.
Meanwhile, Nintendo (NTDOY) remains in a buy zone after the Japanese video game giant touted its new Switch console at gamer mecca E3.
Nintendo announced upcoming games for its dual-use Switch console, mostly in-house titles. But third-party games will include "FIFA 18" from Electronic Arts (EA). Switch, in tight supply since its March release, is a regular console that you connect to a TV. But it has a detachable tablet screen and portable controllers for on-the-go play.
Nintendo shares rose 1.6% to 39.25 in Tuesday stock market trading, still in range from a 38.35 buy point in a cup base going back 11 months. The stock is trading at seven-year highs. Nintendo skyrocketed last July during the "Pokemon Go" frenzy.
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