Nintendo NX shipping Oct-Nov 2016

[scarlxrd]

Nintendo Slips: NX To Eat Into 3DS, Wii U; Nomura Cuts Target

• January 5, 2016, 8:19 P.M. ET

Nintendo Slips: NX To Eat Into 3DS, Wii U; Nomura Cuts Target
By Shuli Ren
Nintendo (7974.Japan/NTDOY) slipped 5% in Tokyo after Nomura Securities said the mysterious new console NX, to be unveiled this June, will cannibalize the existing sales of 3DS and Wii U.

According to analyst Junko Yamamura, Nintendo will make NX available by 2016 year-end’s shopping season. Nomura expects Nintendo to announce the “concept” sometime between March and May, unveil the actual console in June, and launch it between October and November. “We think the NX will start to boost operating profits in 18/3, when it will have been on the market for a full year and will have a line-up of software titles, which carry high operating margins.”

But NX will cut into sales of 3DS and Wii U, said Nomura:

We had previously thought that the NX launch would have only a limited impact on 3DS and Wii U sales as it is not being positioned as a successor to either console, but we have now altered our view because 3DS sales have been weakening a little recently, particularly in terms of software, as the machine enters its sixth year, and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past.

We still expect the NX to launch in 17/3. We have lowered our estimates for current consoles to reflect the present situation, fiercer competition, and what has happened in the past when new hardware is announced… We have reduced our operating profit forecasts for 16/3 by 5.7% and for 17/3–21/3 by 30.0–32.7%.

Nomura reduced its price target by 21% from 21,900 yen to 17,300. Nintendo was trading at 15,610 this morning. The bank’s target implies 15 times their forward earnings estimate.

Should get the reveal at the E3 Nintendo Direct then it'll launch with Zelda in fall 2016. Devkits were sent out last October and upwards of 12 million units have entered mass production -- Upstream supply chain expects new Nintendo games console to achieve 10-12 million unit shipments in 2016

Spoiler

and I just bought a damned Wii U. Bout to trade that shyt in for NX or something

 

[Ciggavelli]

Day 1 cop. There better be a Mario game close to launch.

 

[ThisWorldAintRight]

fukkin Nintendo. Just bought a Wii U not too long ago now they droppin the NX later this year.



Same shyt happened with the 3DS. Copped it as soon as it dropped then these mfs released the 3DS XL.

 

[Tunez]

Nintendo's last hope

 

[Regular_P]

10-12 million units shipped by the end of the year? Haven't they barely sold that many Wii U's LIFETIME?

 

[Los!]

Copped

 

[KevCo]

Hmmmmm....still dont know what the damn thing is yet...

 

[Grand Conde]

This isn't a reputable source.

 

[Black Bolt]

I copped the Wii U and truth be told had a lot of fun with it, had to sell it as I haven't got enough spare hours to juggle two consoles

That said the day Nintendo decide to release an open world Pokemon game they got a sale from me

 

[Fmju]

I copped the Wii U and truth be told had a lot of fun with it, had to sell it as I haven't got enough spare hours to juggle two consoles

That said the day Nintendo decide to release an open world Pokemon game they got a sale from me

www.pokemon-planet.com

 

[MeachTheMonster]

Believe dumb ass rumors brehs

 

[-DMP-]

I hope they have a wii u trade in program, and the NX is backwards compatible

 

[CrimsonTider]

The NX won't work

 

[Chris Cool]

not sure if Nintendo or Sega.

 

[One4Deuce]

What the hell is the NX? I haven't heard any details about it that I can think of.