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Nintendo stock down 5 percent after Wii U reveal
While our feelings were ... oh, let's be nice and say "mixed" on Nintendo's just-announced Wii U traders on the Tokyo Stock Exchange were pretty much clear about their distaste. Nintendo stock closed down five percent yesterday after the company's E3 keynote, settling at 16,970 yen ($212.44) -- a low the company hasn't seen since before the launch of the original Wii. It's not good news for Big N, but we're talking about a company that's made its fortunes on seeing opportunities where others don't. And hey, look at it this way, Nintendo: History has proven we'll eventually drop our defenses, conquer our trepidation and buy one anyway. So you've got us.
Nikkei: Wii successor has touchscreen controller, will arrive in second half of 2012
The Nihon Keizai Shinbun -- the same publication that successfully "predicted" the DSi, the DSi XL and 3DS -- posted an article today stating that the Wii successor's controller will feature a six-inch touchscreen, as previously rumored. According to Andriasang's summary of the subscription-only article, the controller will give "tablet-like controls" to games, and will also be usable as a portable game device on its own. The controller also includes a camera and a rechargeable battery. Nintendo originally specified "2012" for the system; Nikkei says it'll be the second half of the year. Of course, even given the history of the paper, this report remains unconfirmed and thus should be taken with a 6" grain of salt.
Sharp investing $1.2b in expanding smartphone LCD production, Apple fingered as the major client
Apple's practicing its self-imposed rule of supplier polygamy this week and Japan's Nikkei is telling us all about it. It started off on Monday, when we learned that Toshiba's throwing down some cash to build a new smartphone display production plant, with Apple as the key investor and subsequent consumer, and today we're hearing pretty much the same story, only with Sharp playing the role of Japanese producer to Apple's hardware whims. A "large portion" of the $1.2 billion cost -- identical to what Toshiba's said to be spending -- of expanding Sharp's Kameyama factory is expected to be shouldered by Jobs' cash-rich crew, a postulation also confirmed by Reuters, who's managed to dig up a pair of sources agreeing with the Nikkei. Our Japanese team reports that Sharp has made its expansion plans official, but obviously there's nary a peep about any Apple connection, while DigiTimes says Toshiba has outright denied any involvement with Cupertino. Guess we'll just have to wait for the iPhone 7 teardowns to find out.
Nintendo 3DS to allow for game installs?
Here's an interesting little tidbit from Japan's financial newspaper Nikkei. According to an article translated by andriasang -- who also provided information this morning on a wireless ebook reader -- Nintendo's 3DS will be able to copy multiple games to internal memory and selected from the menu. Now, that can be interpreted in many ways. It could mean 3DS carts installing fully on the system à la Xbox 360's game install. Another -- and we think more likely -- interpretation is that games can be downloaded via some store and saved internally. At this point, however, we don't have any details on a 3DS online marketplace, and in an interview with Joystiq, the company's in-house legend Shigeru Miyamoto wouldn't comment on compatibility with current DSiWare. As for theoretic storage capacity, Nintendo still isn't saying how much internal memory is in the device, but we do know the SD card slot is still there. All this discussion, of course, is assuming the translation is correct, and since we're currently unable to verify for ourselves, consider all this a rumor right now.
Nintendo stock rises following 3DS announcement
You may have been a bit bewildered by Nintendo's out-of-nowhere announcement of a new DS a week before the North American launch of the DSi XL, but one group seems to have no issues with the timing or technology of the Nintendo 3DS: investors. Marketwatch reports that Nintendo stock rose 9.7 percent yesterday in response to the hardware announcement. While it's hard to gauge exactly what it is about the 3DS that has inspired such confidence among investors, we would guess it's less about the current 3D trend and more about the fact that Nintendo announced a new thing, and Nintendo things have been good for stocks in the last five years or so.
Nikkei predicts Sony will report operating profit, games division recovery
Japan's Nikkei business daily (via Reuters) estimates Sony will announce an operating profit of about $1.1 billion for this past holiday quarter. This would be the first time the company has posted a profit in five quarters. The financial turnaround is thanks, in part, to the normally loss-heavy television division breaking even, the video game division seeing increased sales of the PlayStation 3, and a helluvalot of lost jobs and plant closings. Nikkei predicts that the video game group in particular will see its first operating profit in over a year during the quarter. Sony has declined to comment and plans to release the financial results on February 4. The good news should come in opposition to the report issued last year, when Sony predicted a rough future.
Nintendo of Japan: Nikkei reveal of new DSi is 'speculation'
As expected, Nintendo didn't openly announce the new, larger-screened DSi in response to a Nikkei article mentioning it. In a statement to Famitsu (as translated by Siliconera), Nintendo said, "Our company is not doing any interviews. We believe this article is speculation." Of course, that is merely a comment on how Nikkei arrived at that information, and not a denial of the information. It's familiar, as well. Nintendo of America said almost exactly the same thing about Nikkei's early reveal of the DSi, so we wouldn't dismiss the possibility of a DSi upgrade yet. We're checking in with Nintendo of America to find out more.[Via Siliconera]
Report: Nintendo updating DSi with bigger screens this year
The Japanese Nikkei newspaper is reporting that, later this year, Nintendo will introduce a new version of the DSi that replaces the system's 3.25" screens with luxurious 4" screens. The new system will replace the current DSi and will retain the ¥18,900 ($205.50) price tag. According to GameLife's summary of the article, the screen size has been increased with older gamers in mind. The Nikkei article states that it'll be out in Japan sometime this year, but that plans for other countries have yet to be made.We're inclined to believe Nikkei when it makes predictions like these. It's previously made shocking claims like the announcement of a DS system with a camera and music playback functions, and a Nintendo/Dentsu video service.Update: Nikkei has now put the article online.[Via NeoGAF]
Nikkei Biz Daily: Sony considering iPhone competitor
Sony is considering a gaming/phone hybrid device as a direct competitor to the iPhone, according to Nikkei Business Daily (Via Reuters). Unless you're new to the Sony Phone rumor mill, a gaming/phone hybrid has long since been rumored to be in development, but has been denied by the Japanese hardware manufacturer. Sony currently develops mobile devices with Swedish partner Ericsson. In early 2009, MobileToday sources claimed Sony Ericsson had pitched the idea of a PlayStation-branded phone to Sony Corp, but was denied the rights to use the trademark. The rumor went on to further claim Sony only plans to license a PlayStation phone if the company plans to make handsets independently from Ericsson. In May 2009, Sony Ericsson president Hideki Komiyama stated that his company was destined to "lose" if they did not adapt to the "new technology and new market environment" -- presumably referring to Apple's iPhone. According to the new rumor, Sony plans to set up a project team to develop the new device, which will combine functions of the PSP and Sony Ericsson's mobile phones. A PSP phone? Just imagine how much that mythical beast would cost.[Image Credit: Engadget]
Nikkei: Nintendo's Wii Fit plus coming to make weight loss competitive, Internet fun
Wii Fit not cutting the fat fast enough? Don't sweat it, the house of Mario is getting ready to make your weight loss competitive. According to Japan's Nikkei business daily, Nintendo will be launching its Wii Fit plus in autumn that will let users compete with friends and family over the Internet to "lose weight and other activities" -- the latter presumably hinting at cruel taunting Miis with the ability to point and laugh at the fatties. The new balance board is said to feature more precise measurements to better hone your sense of embarrassment and shame. E3 kicks off next week where we'll undoubtedly hear more if the rumor is true.
Panasonic and Sumitomo see eye to eye in this OLED game, big screens due in 2010
Ready with the proper retort to all those rumors, false starts and misquotations, the Nikkei is reporting that Panasonic and Sumitomo are zeroed in and have the tunnel vision to deliver the 40-inch plus OLED HDTVs we've been waiting for within fiscal 2010. Once organic electroluminescent product is flooding the streets, the plan is apparently to cut the power requirements of the bright, slim displays to less than a third of current LCDs by 2015, right around the time Samsung thinks this tech will be ready for the mainstream, anyone else care to make a prediction? (Registration req'd on read link)[Via Reuters & OLED-Info]
Video service coming to Wii, says Nikkei
var digg_url = 'http://digg.com/nintendo/Video_distribution_service_coming_to_Wii'; A video distribution service is coming to Nintendo Wii, according to Nikkei business daily (via Reuters). Working with ad agency Dentsu, Inc., the service will offer original content in the form of cartoons and "other entertainment programs" and is seen as a "new revenue stream" for the company (read: our large vault of money needs a diving board made from diamonds). Not much else is known at the moment. The service will first launch in Japan early 2009 and overseas later in the year.
Nintendo denies report of new Wiimote tech
Remember that story we ran last week about Nintendo wanting to change the internal components of the Wiimote? Well, Nintendo has finally responded to the Nikkei Tech-On! article that claimed the company would be looking into alternative accelerometer chips for the Wiimote, denying what was said in the piece. In speaking to Edge, a Nintendo spokesperson shot down the possibility for a tech upgrade to the Wiimote's internal parts, stating this is all "purely rumour and speculation." Of course, we wouldn't rule out the possibility, because if the technology can be improved through alternative components, why wouldn't Nintendo want to go that route?%Gallery-31614%
DS upgrade has camera, music player, says Nikkei Net
We've heard a bit of speculation about the seemingly inevitable upgrades that are coming to Nintendo's best-selling handheld -- all of which were promptly denied by the big N. However, Japanese business newspaper Nikkei recently published an article outlining a few neat features supposedly coming to the new DS model -- chief among these are a camera (which the paper mentions could be integrated into gameplay), a music playback function, and the ability to communicate with "information terminals" to acquire location-sensitive information.Nikkei Net, the online branch of the newspaper, reports that the new model will launch in Japan sometime this year. Their take on the new functions are that Nintendo may be trying to compete with other mainstream technology -- what popular portable device with a touch screen, camera, and music playback could they possibly be trying to rival?Keep in mind, we don't have a physical copy of the newspaper this report is printed in, nor has Nintendo confirmed the new features -- so season this story with an appropriate number of salt grains.
Japanese newspaper details new camera-equipped DS
This is fairly huge, and fairly believable! Japanese business newspaper Nikkei posted an article describing features in an upcoming new DS model set for this year, designed with the intention of competing with the iPhone and other mobile devices. According to the article, the new hardware will include a camera and music playback functionality. The camera will be integrated into gameplay, which suggests that it may be more of a new system than an upgrade. It also features the ability to connect with "information terminals" to get location-sensitive information, which we know Nintendo has looked into. There's even more in the print version of the same article. It states that the device will cost less than 20,000 yen.A removed article on the site Monex.co.jp (screenshot available at the NeoGAF link) said that the new DS will feature the ability to share data with the Wii via the SD slot, as well as larger screens.We wonder what that Nintendo Media Summit is going to be about.[Via NeoGAF, Game|Life]
JVC dropping out of Japan's consumer LCD biz
In yet another flat panel shake up, the Nikkei is reporting JVC is going to pull the plug on its consumer LCD TV business in Japan, to focus on the European and U.S. markets (our iPod docks and thin screens are safe). Despite selling 300,000 units in Japan last year, its market share shrank to just 2.7%, and Reuters reports the company's stock has risen 11% on the news. With more cooperation among the biggest manufacturers driving prices down, its place as a high end brand based on advanced picture quality has slipped (sound like anyone else?). Expect official word April 25 when JVC unveils its latest earnings result and LCD strategy going forward, but we admit a morbid curiosity about how this will affect the Snap and Gesture HDTV's development.[Via Reuters]
Pioneer stuck between Sharp & Panasonic as it exits plasma production
While the world waits for official word on the fate of Pioneer's plasma HDTV operations, The Nikkei offers an analysis of the state the company is in, and how it got here. The problems started with Sony's choice of LCD over plasma back in 2005, leaving Pioneer without a partner to sell its plasma panels (the way Samsung and Sharp sell Sony LCDs), and unable to reduce prices by boosting production. Now the company is caught between its top shareholder Sharp -- an LCD manufacturer, that wants to put Pioneer's speakers in its TVs and sell Pioneer LCDs -- and its new plasma supplier Panasonic (fear not, Panasonic hopes to exceed even the Kuro's contrast ratio in its upcoming displays). The Nikkei expects Pioneer to announce it will sell 40- to 50-inch LCD & plasma HDTVs at its press conference March 7, but we just want to know what happens to Project Kuro.Read - [subscription required]
Pioneer says goodbye to plasma manufacturing
We wondered why its so hard to find one of Pioneer's award winning Kuro plasmas on shelves these days, and here is the answer. The Nikkei is reporting that Pioneer plans to stop producing plasma panels altogether, and only put together HDTVs with panels purchased from other sources. Panasonic and Hitachi remain as the only Japanese plasma manufacturers, Pioneer already has a deal with the former to purchase plasmas for its 42-inch model, and will expand that agreement according to The Nikkei. Honestly, this wouldn't be a big deal for most companies, as we've seen with the Sony/Sharp/Samsung triangle in LCD manufacturing, but since Pioneer is the only manufacturer promising the blackest black levels this side of carbon nanotubes, we're freaking out a bit. Here's hoping Pioneer slides over the blueprints to the infinite contrast concept (and that sexy 9mm model) and keeps the party going.[Thanks to everyone who sent this in; via CNBC; warning: reg required on read link]
Nintendo shares hit 7-month low on recession fears
Seems the money-market-fueled stock dip Nintendo suffered last week isn't over yet. Bloomberg is reporting that the company's stock tumbled down 5.9 percent today to its lowest point since early July '07.The reason for the precipitous fall isn't so much Nintendo's recent performance -- the company is still more profitable than a solid-gold hippopotamus that periodically spits out smaller golden hippopatami. According to Bloomberg, the stock sell-off for Nintendo and other export-based Japanese companies seems to be based on the recently reported rapid contraction of the U.S. service industry, which has also caused problems for the U.S. stock market. Traders are reading the contraction as a strong sign of a long-predicted U.S. recession, which means less money to go around for non-essentials like video games.Will less discretionary spending mean tougher times ahead for the games industry, or is huge growth last year indicative of a somewhat recession-proof sector? We'll see, but in the meantime we'd recommend stuffing your mattress with small bills and loading up on canned goods. You know, just in case.
Nintendo officially bigger than Sony in Japan
After months of outselling Sony hardware in both North America and Japan, Nintendo has edged past the electronics giant in the one area that really matters to gamers: market capitalization! Reuters reports that Nintendo's Japanese shares have quadrupled in the past four years to a total value of 6.54 trillion yen ($52.76 billion), just ahead of Sony's 6.5 trillion yen ($52.44 billion) [update: fixed typo] market cap. That's a massive 0.6 percent lead!Before you trade in all those classic Pokémon cartridges for Nintendo stock, be aware that this sector of market is prone to swings. "This is one of those companies that is not exactly making daily necessities. One negative factor and shares could take a dive," Mizuho Securities analyst Takeshi Koyama told Reuters. And don't disregard Sony just because they're technically slightly smaller -- despite their troubles, Sony Corp. stock has risen 67 percent in the last two years, ten percent ahead of the the Nikkei average.Previously: Nintendo closing gap on Sony's market value
