Skip to main content

JEFFERIES: Nintendo has another secret weapon besides the Switch

By

mario nintendo world

Nintendo's Switch game console boosted its sales in the second quarter, but what's really driving customers to its products is the company's ability to make people love its franchises, according to Jefferies. 

Switch, the company's newest gaming console, has become a way for customers to tap into its iconic characters, like Mario and Zelda. The console's initial launch came with a must-have exclusive Zelda game. It has since released a steady drumbeat of highly-rated games that constantly draw people to its new platform and keep it in the news. 

"IP is our important asset," the company said in an investor call. 

Given the welcome reception of its recent game, "Super Mario Odyssey," and the release of Animal Crossing for mobile, Nintendo will likely draw more fans in years to come, Jefferies analyst Atul Goyal said.

Nintendo not only raised its guidance for the year, but also announced that it would focus on "synergies" between its mobile and console games. This is one reason why Goyal sees "lots to look forward to next year." The company has said before that mobile will become an important platform in extending long-term value for its video games and consoles.

Nintendo is up 78.92% this year.

Read more about how Nintendo's newest platform can get it to 1 billion users here.

Nintendo stock price

SEE ALSO: JEFFERIES: People are overlooking Nintendo's chance to reach 1 billion users

Join the conversation about this story »

NOW WATCH: A $6 trillion investment chief reveals the one area of the stock market to avoid



from Tech Insider http://ift.tt/2gRnJBi
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Instagram accidentally reinstated Pornhub’s banned account

By
After years of on-and-off temporary suspensions, Instagram permanently banned Pornhub’s account in September. Then, for a short period of time this weekend, the account was reinstated. By Tuesday, it was permanently banned again. “This was done in error,” an Instagram spokesperson told TechCrunch. “As we’ve said previously, we permanently disabled this Instagram account for repeatedly violating our policies.” Instagram’s content guidelines prohibit  nudity and sexual solicitation . A Pornhub spokesperson told TechCrunch, though, that they believe the adult streaming platform’s account did not violate any guidelines. Instagram has not commented on the exact reasoning for the ban, or which policies the account violated. It’s worrying from a moderation perspective if a permanently banned Instagram account can accidentally get switched back on. Pornhub told TechCrunch that its account even received a notice from Instagram, stating that its ban had been a mistake (that message itse...
Post a Comment
Read more

Watch Aidy Bryant *completely* lose it as 'SNL' roasts political pundits

By
On Saturday Night Live , there are breaks and then there's whatever happened here. The Season 45 premiere featured a sketch that was meant to expose the empty noisemaking of political punditry on TV. But part of the joke involved a series of quick costume changes, and some weirdness during one of those switches led to a complete and total breakdown. Aidy Bryant, the segment's host, couldn't take it. She manages to keep it together until what appears to be an accidental wide shot exposes some of the magic as we see a woman who's probably a member of the SNL wardrobe crew fiddling with Aidy's costume. Read more... More about Saturday Night Live , Aidy Bryant , Entertainment , and Movies Tv Shows from Mashable https://ift.tt/2okrAOq via IFTTT
Post a Comment
Read more

California Gov. Newsom vetoes bill SB 1047 that aims to prevent AI disasters

By
California Gov. Gavin Newsom has vetoed bill SB 1047, which aims to prevent bad actors from using AI to cause "critical harm" to humans. The California state assembly passed the legislation by a margin of 41-9 on August 28, but several organizations including the Chamber of Commerce had urged Newsom to veto the bill . In his veto message on Sept. 29, Newsom said the bill is "well-intentioned" but "does not take into account whether an Al system is deployed in high-risk environments, involves critical decision-making or the use of sensitive data. Instead, the bill applies stringent standards to even the most basic functions - so long as a large system deploys it."  SB 1047 would have made the developers of AI models liable for adopting safety protocols that would stop catastrophic uses of their technology. That includes preventive measures such as testing and outside risk assessment, as well as an "emergency stop" that would completely shut down...
Post a Comment
Read more