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Nintendo to Launch First 3D-Gaming System Without Glasses

Nintendo logoOnce the master of the game, Nintendo (NTDOY) has fallen behind in the gaming industry. It reported a 46% drop in profits in its recent quarter, as reported in Reuters. Nintendo is trying to do "catch up" with rivals Apple's (AAPL) iPhone and Google's (GOOG) Android, both or which have strong gaming platforms.

Nintendo is launching the first handheld 3D gaming system without glasses later this month. Nintendo of America's president, Reggie Fils-Aime, expects that the 3DS will sell even faster than its original DS device, which sold 150 million units to date.

Continue reading Nintendo to Launch First 3D-Gaming System Without Glasses

Nintendo Slashes Earnings Forecast While Betting Heavily on 3DS

Nintendo 3DSAn interesting situation is taking form in the world of video game maker, Nintendo (NTDOY). The company has cut its earnings forecast by more than 50% and is speaking in terms that signal wishful thinking more than corporate direction. As of this writing, Nintendo shares have lost over 8.5% on the day.

What bothers me here is not the market's reaction to the company's guidance, as much as the appearance that Nintendo is suffering from an uncharacteristic lack of precise forward momentum.

Continue reading Nintendo Slashes Earnings Forecast While Betting Heavily on 3DS

Nintendo Powering Down Ahead of 3DS Launch

Nintendo logoThis winter should be an exciting time for video game companies. Unfortunately, at the moment fan favorite Nintendo (NTDOY) is powering down.

Nintendo announced revenues of only ¥189 billion, much lower than the consensus estimate of ¥212 billion. Earnings came in at a ¥197 loss, widely missing the consensus estimate of ¥34 billion.

Continue reading Nintendo Powering Down Ahead of 3DS Launch

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