Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Tokyo  >  Nintendo Co., Ltd    7974   JP3756600007


My previous session
Most popular
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Apple unveils iPhone 7 but some still waiting for iPhone 8

share with twitter share with LinkedIn share with facebook
share via e-mail
09/07/2016 | 05:47pm EST
Shigeru Miyamoto stands next to the Super Mario character during an Apple media event in San Francisco

SAN FRANCISCO (Reuters) - Apple Inc (>> Apple Inc.) unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros, on the smartphone.

SAN FRANCISCO (Reuters) - Apple Inc (>> Apple Inc.) unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros, on the smartphone.

While shares of Apple barely budged, Nintendo's (>> Nintendo Co., Ltd) U.S.-listed shares jumped 29 pct on investors' hopes that Super Mario would be another mobile gaming hit for the Japanese company akin to the wildly popular Pokemon Go.

Much of the presentation headed by Chief Executive Officer Tim Cook was devoted to technical details of photography, wireless earphones, games from Nintendo, and a new version of Apple watch - with fitness features.

The biggest iPhone technical improvements all had leaked, and Apple itself spoiled the surprise by sending out tweets of some details before Cook spoke. The company then deleted the messages.

Apple has reported declines in iPhone sales for the last two quarters, which raised the stakes for the iPhone 7. Some consumers and analysts are considering waiting until 2017.

“Just gonna wait on iPhone 8 cuz it’s the 10th anniversary of iPhone,” Tweeted @LewBruh near the end of the event. “Ya know they gonna do something big.”

But Mike Binger, senior portfolio manager at Gradient Investments LLC in Minneapolis, said the new phone encouraged him that Apple was in good shape for a new sales cycle.

"I think the iPhone 7, just from a replacement basis, will be a successful launch," he said.

The world's best-known technology company said the iPhone 7 would have one, zooming 12-megapixel camera. Starting at $649 (486.598 pounds), it is the same price as the 6S predecessor. The larger 7 'Plus' edition, starting at $769, would feature two cameras, including a telephoto lens.

Apple also removed the analog headphone jack from both new models, as was widely expected. The new headphones supplied by Apple with the phone will plug into the same port as the recharging cord, making it incompatible with most wired headphones without an adaptor. Apple includes the adapter.

The phones will also work with Apple's new wireless headphones, called Air Pods, available in late October at a price of $159.

The disappearance of the headphone jack “will probably annoy a certain amount of people” but they would likely get over it, Binger said.

Apple described dropping the jack as an act of courage as it moved toward a wireless future with the optional Air Pods. Getting rid of the jack also increased room for stereo speakers, and Apple sharpened the technology on most features, from the camera to a pressure-sensitive home button to a boost in memory.

The new phone will start shipping in major markets, including the United States and China, on Sept. 16.

Bob O'Donnell of research firm TECHnalysis said Apple's new glossy black finish could be more popular than any tech feature, reflecting the slowdown in major tech innovations for smartphones.

"While the camera improvements for the iPhone 7 Plus are nice, they are incremental for most and the lack of headphone jacks could offset that for others," he said.

Apple typically gives its main product, which accounts for more than half of its revenue, a big makeover every other year and the last major redesign was the iPhone 6 in 2014. Many are expecting a three-year cycle this time, culminating in a major redesign for 2017 to be called iPhone 8.

Apple said its Apple Watch Series 2, with a swim-proof casing, will be available in more than 25 countries starting on Sept. 16.

"I predict Watch sales will improve dramatically," said Tech analyst Patrick Moorhead. "Most of the current Watch owners are early adopters and the next wave could be 10 times the size of that market."

Apple also launched a new version of the device called the Apple Watch Nike+, in partnership with the athletic goods manufacturer Nike Inc (>> Nike Inc), featuring GPS so athletes can track their runs.

Shares of Fitbit Inc (>> Fitbit Inc), which makes activity-tracking bands, closed down 2 percent on the emergence of such a high-profile competitor.

(Reporting by Julia Love and Alexandria Sage; Additional reporting by Rodrigo Campos and Amy Tennery; Writing by Bill Rigby and Peter Henderson; Editing by Bernard Orr)

By Julia Love and Alexandria Sage

Stocks treated in this article : Apple Inc., Nike Inc, Nintendo Co., Ltd, Amazon.com, Inc., Fitbit Inc
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM -0.16% 1619.44 Delayed Quote.8.00%
APPLE -0.56% 171.06 Delayed Quote.8.04%
FITBIT INC -0.15% 6.63 Delayed Quote.33.40%
NIKE -1.05% 83.95 Delayed Quote.15.16%
NINTENDO CO., LTD 0.78% 29905 End-of-day quote.5.26%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NINTENDO CO., LTD
02:48aNintendo's Head For U.S. to Exit After Long Stint -- WSJ
02/21NINTENDO : of America President Reggie Fils-Aime to retire in April
02/21NINTENDO : Why the Nintendo Switch VR support rumor is a genius idea
02/14NINTENDO : announces 'Super Mario Maker 2', return of 'Link's Awakening'
02/07NINTENDO : Switch gets native voice chat at long last
02/05ASIA MARKETS: Stocks Rise In Japan, Australia As Most Asian Markets Remain Cl..
02/04ASIA MARKETS: Asian Markets Mixed Amid Holiday Closures; Sony Sinks
02/01NINTENDO : Announces Mobile Game Partnership with LINE Corporation and a New Gam..
02/01NINTENDO : Switch View Dims
02/01NINTENDO : to Open Nintendo TOKYO, the First Official Nintendo Store in Japan
More news
Financials (JPY)
Sales 2019 1 250 B
EBIT 2019 -
Net income 2019 196 B
Finance 2019 989 B
Yield 2019 2,72%
P/E ratio 2019 18,47
P/E ratio 2020 14,22
EV / Sales 2019 2,60x
EV / Sales 2020 2,29x
Capitalization 4 237 B
Duration : Period :
Nintendo Co., Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NINTENDO CO., LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 47 588  JPY
Spread / Average Target 59%
EPS Revisions
Shuntaro Furukawa President & Representative Director
Satoru Shibata Director, General Manager-Sales & Operations
Hajime Murakami Executive Officer & GM-Administration
Ko Shiota Director, GM-Technology & Development
Shigeru Miyamoto Representative Director
Sector and Competitors
1st jan.Capitalization (M$)
NINTENDO CO., LTD5.26%38 235
COM2US CORP--.--%1 401
ALPHA GROUP--.--%1 209