Latest news with #NintendoCo
Bloomberg
16-07-2025
- Business
- Bloomberg
GameStop's ‘Staplegate' Switch 2 Fetches $250,000 in Auction
By It could have been a marketing mess. At the release of Nintendo Co. 's new console last month, some GameStop Corp. customers found their devices' screens ruined after an employee forcefully stapled receipts to the boxes. Instead, the video game retailer transformed the blunder into another viral moment by selling one of the damaged units for about 500 times its retail price in a charity auction.
Bloomberg
30-06-2025
- Business
- Bloomberg
Amazon Lost Right to Sell Nintendo Switch 2 Amid Sales Dispute
By Nintendo Co. pulled its products from Inc. 's US site after a disagreement over unauthorized sales, meaning the e-commerce company missed out on the recent debut of Nintendo's Switch 2 — the biggest game console launch of all time. The Japanese company stopped selling on Amazon after noticing that third-party merchants were offering games for sale in the US at prices that undercut Nintendo's advertised rates, according to a person familiar with the situation. Enterprising sellers were buying Nintendo products in bulk in Southeast Asia and exporting them to the US, said the person, who requested anonymity to discuss confidential information.
Bloomberg
16-06-2025
- Entertainment
- Bloomberg
Nintendo Switch 2 Review: Bigger and Mostly Better
By Nintendo Co. didn't take any wild swings with the new Switch 2. The gaming console offers faster performance, improved graphics and a larger display, but considering the original came out in 2017, this isn't a major departure from the previous model that some may have hoped for. Not that the core premise needed much changing. Like the original, the Switch 2 is a hybrid console that can be taken on the go and used in handheld mode, making it a godsend to commuters and frequent fliers. Or you can drop it into the included dock and lose track of time playing Cyberpunk 2077 on your TV at home.
Yahoo
11-06-2025
- Business
- Yahoo
Nintendo Switch 2 Sets Sales Record in Boon for Games Sector
(Bloomberg) -- Nintendo Co. sold 3.5 million-plus units of the Switch 2 in just four days, a record-breaking start for the company's first new console in eight years. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems The Japanese company has already sold more of the device than the roughly 2.7 million the original Switch managed during its first month in 2017. The numbers, released by the company Wednesday, bode well for its target to sell 15 million units by March next year. They also reinforce analysts' projections that Nintendo may be able to sell far more if it can pump up supply. Gamers from Tokyo to San Francisco lined up for hours last week to get their hands on one of the most highly anticipated gadgets of the year. The long-awaited Switch 2 succeeds a global hit in the original, which pioneered a hybrid design that allows play both at home on a TV and on the move. The release of the new Switch was regarded as a watershed moment for the industry, steering business decisions by partners and competitors for years to come. At a time of thinning margins and exploding development budgets, a popular new console may galvanize the sector and provide a counterbalance to the increasing dominance of a handful of marquee, live-service games. Catching up with runaway demand is the first major challenge Nintendo faces. President Shuntaro Furukawa has apologized after customers came away from lotteries for the Switch 2 empty-handed. The Kyoto-based company has asked its partners to speed up production of the console. It's also secured agreements from Japanese online marketplace operators such as Rakuten Group Inc., Mercari Inc. and LY Corp. to discourage resellers from taking advantage of the hardware's scarcity. The console is manufactured mainly in China by partners including Foxconn Technology Group. Nintendo's shares, which have gyrated because of concerns about how tariffs may disrupt supply, fell more than 3% in Tokyo. 'The pace is good,' said Hideki Yasuda, an analyst with Toyo Securities. 'The key will be to maintain assembly capacity and increase production going forward.' A chronic shortage may spur consumers to turn elsewhere and flatten momentum. Nintendo's priority is to sustain launch momentum for as long as possible, Furukawa told analysts at an earnings briefing in May. That's more difficult due to the Switch 2's higher retail price compared with its predecessor and growing weakness in the global economy. Furukawa has also warned the company may consider raising the console's price in the future, depending on US President Donald Trump's tariff measures. What Bloomberg Intelligence Says: Nintendo has sold more Switch 2 consoles in the first four days than the Switch in its first month, suggesting its fiscal 2026 hardware revenue and overall sales might beat consensus if the firm can increase Switch 2 supply. Supply may be impacted by US tariffs on China, where two-thirds of Switch 2s are made. More than 3.5 million Switch 2 units sold in the four days since its June 5 debut. Sales of its predecessor, launched March 3, 2017, totaled 2.74 million that month. -Nathan Naidu, analyst Click here for the research. --With assistance from Mark Anderson, Natsuko Katsuki and Yuki Furukawa. (Updates with shares, analyst's comments from the second paragraph.) New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
11-06-2025
- Business
- Bloomberg
Nintendo Sells Record 3.5 Million Switch 2 Consoles in Four Days
Nintendo Co. sold 3.5 million-plus units of the Switch 2 in just four days, a record-breaking start for the company's first new console in eight years. The numbers, released by the company Wednesday, bode well for its target to sell 15 million units by March next year. They also reinforce analysts' projections that Nintendo may be able to sell far more if it can pump up supply.
