540°

Expecting NX console disappointment, Macquarie cuts Nintendo to Neutral

Running against a general recent bullish tide, Macquarie has downgraded Nintendo (OTCPK:NTDOY) to Neutral, from its previous Outperform rating.

A long-in-the-works revamp to the company's consoles -- the NX, with reveal coming next week -- is liable to come at a price that will result in a "major" disappointment for volume sales, the firm says.

Speculation is putting the price of the new console between $300 and $350, in line with competing consoles, vs. the Wii's former discount to rival boxes from Sony and Microsoft.

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seekingalpha.com
ziggurcat2787d ago

wasn't there an article saying this three weeks ago, that also said it was "next week"?

freshslicepizza2786d ago

When is a good time to officially show it? After PSVR hype downs a bit or after PS4 Pro hype dies down a bit? Or does it matter? Nintendo sure is taking its time to show anything.

mikeslemonade2786d ago

It's gonna dissapoint just like most Nintendo home consoles but you still get it for the handful of exclusives.

+ Show (2) more repliesLast reply 2785d ago
Summons752786d ago

Yeah, since like September 1st. It these rumors keep sounding like the unreliable contractor that was working on my apartment "Oh I can't today but I'll be back next week", "It WILL be done by next week"...months later.

rainslacker2786d ago

Except in this case, you're hearing that line from people who haven't talked to the contractor, and the contractor has no intention of doing the work soon.

pcz2786d ago

even if they announced/revealed the NX today, it would be too late.

E3 2016 was the stage and nintendo blew it

XanderZane2785d ago

I think you're right. I honestly could care less about the reveal. Even if the NX turns out to be good, I wouldn't pick one up until probably a year after the Scorpio launched. So I'm really in no rush for the NX reveal. If any of the rumors turn out to be true, the system will be a disappointment. Only the 1st party and many, many 3rd party games could save it. As long as they continue to support the 3DS, I'll be happy.

+ Show (2) more repliesLast reply 2785d ago
Relientk772787d ago

I want to see this reveal already

NukaCola2786d ago

I'm ready for Nintendo to just get it out there it's all this uncontrolled anxiety for whatever this monstrosity might be can get on with the show already. It may or may not be a disappointment but that's really for a later date to determine

babadivad2786d ago

I don't understand how Nintendo can keep this a secret for so long. NDAs be damned. We knew everything there was to know about the X1 and PS4 before launch. We know everything about the iPhone before it launches. HOW IN THW FUCK DO WE KNOW NOTHING AT ALL ABOUT THE FUCKING NX!!! How is this possible!?!?!?!?!?!?

deafdani2786d ago

There are numerous rumors and it's possible some of them are actual leaks, but it's true we don't know anything for certain regarding NX except the fact that it exists.

It shouldn't surprise anyone, really. Historically, Nintendo has always been the most secretive gaming company out there. Actual leaks regarding Nintendo products are extremely rare compared to leaks from the competition.

jholden32492785d ago

Maybe because it's not launching March, and they know that. Or it is and they're about to reveal any day now.

We knew everything about PS4 and Xbox about 6 months prior, maybe 8. So if they're delaying til Nov 2017 why would they announce in summer or fall of 2016?

You people are too anxious and you have no idea when the console is actually going to come out. It's not like they're going to announce it and release it the day after. Whenever they get around to it I'm sure it will be at least six months before it actually launches

EddieNX 2786d ago

I'll never forgive them for making us all wait so long to see the NX!!!!!! Can't wait to see it let alone buy it.

Scatpants2786d ago

It really is getting annoying. They shouldn't have announced it 17 years ago if they don't want to show it to anyone.

Ninte2786d ago

It's coming just read every article that says it's coming!.

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200°

Sony shares big new PS Plus stat, but not the one we want to see

PlayStation Plus has improved the split of PS4 and PS5 players on its priciest tiers, but Sony continues to hide total subscriber numbers.

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theloadout.com
mandf1d 15h ago

lol acting like it’s equivalent to ms numbers

Mr Logic1d 15h ago

Uh...They're definitely not equivalent.

"Microsoft’s Xbox Game Pass service now has 34 million subscribers."

"the total number of PS Plus subscribers across all tiers was 47.4 million"

darthv721d 15h ago (Edited 1d 14h ago )

That PSN number seems like it should be much higher... especially when you consider that PS4 alone has a sell through of over 117m. To not even be at least half that is rather interesting.

To the XB side, having 34m to an install base of roughly 50m (XBO sell through) or even 85m (360 sell through) is a greater percentage of unit to member ratio than PSN.

bloop1d 11h ago

That's not the "gotcha" you think it is Darth.

darthv721d 10h ago

^^it's not supposed to be bloop.... it's just an interesting observation.

Einhander19721d 9h ago

darthv72

"That PSN number seems like it should be much higher... especially when you consider that PS4 alone has a sell through of over 117m. To not even be at least half that is rather interesting.

To the XB side, having 34m to an install base of roughly 50m (XBO sell through) or even 85m (360 sell through) is a greater percentage of unit to member ratio than PSN."

Have you ever heard of a PC before? I hear they are pretty popular.

fr0sty1d 3h ago

MS started lumping gold subscribers in with those GP numbers... keep in mind.

+ Show (2) more repliesLast reply 1d 3h ago
shinoff21831d 14h ago (Edited 1d 14h ago )

What. Definitely more os plus subscribers but that makes sense due to actual console sales

Darth the difference between the bases are huge your right but you gotta think. Ps players buy more games, where as the Xbox base relies on gamepass for their gaming. So it makes perfect sense

darthv721d 13h ago (Edited 1d 13h ago )

What makes perfect sense though? You say PS players buy more games... so then logically there should be more PS+ subscribers given the increased number of online multiplayer games in the PS4 generation alone. The PS4 was the first time that + was required for online play much like Gold was for 360 users.

Keep in mind we are talking subscribers, not simply XB/PS users. I assume you meant to say offline single player games, which is most likely true as well. That gen also saw a significant increase in games with an online component comparted to the previous gen.

victorMaje1d 13h ago

I for one will be going back to essential at the next renewal. When I feel a game is good & right up my alley, I’ll check trusted reviews & just buy it.

jznrpg1d 12h ago (Edited 1d 12h ago )

I have the top tier until 2028 as they gave me a massive discount for all the years I had left but I’ll most likely go to essential as well. I buy my games but my kids do use the service occasionally. They do prefer to own their games as well since any game can leave the rental service at some point and they don’t like that idea. They mostly use it to demo games then ask me to buy games if they really like it.

RedDevils1d 7h ago

For me, I will cancel it all together but unfortunately I still have it till 2030 lol

meganick1d 11h ago

I would like to see Sony add a fourth tier of PS Plus for people who just want to be able to play games online without any of the perks like monthly games, store discounts, or anything like that, and it should cost $20 annually, $30 maximum. There’s no way I’m paying $80 just to play games online. Even the original $60 fee was too much, and I would often wait for sales to re-up my subscription.

P_Bomb1d 7h ago (Edited 1d 7h ago )

Essential is too expensive, I agree. We’ve got one Essential and one Premium sub. Dropping the Premium when it expires.

gamerz1d 4h ago

Just let my subscription lapse for the first time since 2010. Will sub again every now and then for a month or so to access my old ps+ games but for me it's the end of an era.

DivineHand1251d 4h ago

Let those numbers continue to drop because it is now too expensive. $80 per year just to play online. I noticed they didn't offer any discounts on the subscription or controllers during this year's days of play for the first time in many years and they will feel it when people choose not to renew.

My subscription will lapse next month and it will stay that way until further notice.

KevtheDuff1d ago

There were savings on subs and controllers here in the UK? I bought a controller yesterday in the sale..
It would be weird if those deals were not in other territories too?

160°

Silent Hill Transmission Livestream

Konami has announced that a Silent Hill Transmission will take place on Thursday, May 30, at 4pm PT/7pm ET that will reveal game updates, a "deeper look at the film," and new merch. Join us at IGN to find out what's next for this beloved franchise.

RaidenBlack2d ago

Hope SH2 gets more polish before release.

P_Bomb2d ago

I’m not paying $94 CAD for what they’ve shown me. Looks rough as sin.

Fishy Fingers2d ago

Ive seen better lip syncing during a Punch and Judy show

Sonic18812d ago (Edited 2d ago )

This looks terrible. Capcom should have done the remake 😂 The animations and gameplay looks stiff.

-Foxtrot2d ago (Edited 2d ago )

Okay. I was saying before in another article how SH2 looked better than the last trailer, which is true but damn this looks rough as hell.

I wanted RE4 / Dead Space remake quality

Sonic18812d ago (Edited 2d ago )

I wouldn't buy it for $70 dollars. Maybe when it's on sale.

-Foxtrot2d ago

Yeah full price, deluxe editions, Konami are f***** tripping here.

CrimsonWing692d ago

The characters look terrible to me… like it’s distracting.

repsahj2d ago

I will give this game a chance!!! let's go!

80°

Cheat Provider To Pay Call Of Duty Creator Activision Nearly $15M In Damages

Cheat software provider EngineOwning will pay Call of Duty creator Activision nearly $15 million in damages and legal fees.

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twistedvoxel.com
Jin_Sakai2d ago

Cheat providers for competitive games should be illegal.

Rynxie2d ago (Edited 2d ago )

This is what developers and manufacturers should do. I know going after cheat devices/makers is a cat and mouse game, and cost money. However, they can get that money back by sueing these manufacturers of cheat devices. Take a page from Nintendo's playbook.