Nintendo shares slip after 'ultra-conservative guidance' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Nintendo shares slip after 'ultra-conservative guidance' Kiyoshi Ota | Bloomberg | Getty Images A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Shares of Japanese game maker In Friday afternoon trade in Tokyo, Nintendo saw its stock drop by 2.52%. For its part, competitor Sony "I think that the disappointment stems from, you know, Nintendo's ultra-conservative guidance ... for the current fiscal (year) that we're currently in," Serkan Toto, CEO of Tokyo-based game industry consultancy Kantan Games, told CNBC's "Squawk Box" on Friday. Nintendo said it would sell 18 million Switch video game console units globally Nintendo's Switch, marketed as a hybrid console that enables gamers to play on the go and at home when connected to a TV, has been a major contributor to the company's revenues. Toto said Nintendo's guidance pointed to hardware sales and software sales growing at a "very, very ... low pace." "I believe th
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