Nintendo Gets into the App Game

Just months away from launch, the Wii U, Nintendo’s (NTDOY) next game console, is already turning heads with its touchscreen controller. The Daily has learned that Nintendo plans a full-blown app store for the system.

Nintendo currently has “light” app stores: The DSi Shop for its portables, and the Wii Shop for its current console. Most of its apps are games and basic utilities like Mario Calculator. Going far beyond this, Wii U’s as-yet-unnamed store will proffer a wider variety of apps.

Wii U owners will be able to operate apps on the Wii U itself, such as MLB.TV, and others that run independently on the Wii U’s controller. With its tablet-like design and 6.2-inch screen, Wii U owners should be checking email, browsing the Web, posting to social networks and even gaming.

Here’s how these video game companies are reacting to Nintendo’s news today:

Electronic Arts Inc. (NASDAQ:ERTS): ERTS shares recently traded at $N/A,. They have traded in a 52-week range of $ to $. Volume today was shares versus a 3-month average volume of shares. The company’s trailing P/E is , while trailing earnings are $ per share.

THQ Inc. (NASDAQ:THQI): THQI shares recently traded at $0.77, up $0.06, or 8.45%. They have traded in a 52-week range of $0.67 to $6.53. Volume today was 945,845 shares versus a 3-month average volume of 1,862,260 shares. The company’s trailing earnings are $-2.77 per share.

Majesco Entertainment Co. (NASDAQ:COOL): COOL shares recently traded at $2.54, down $0.03, or 1.17%. They have traded in a 52-week range of $0.73 to $4.53. Volume today was 359,416 shares versus a 3-month average volume of 1,108,170 shares. The company’s trailing P/E is 10.54, while trailing earnings are $0.24 per share.

Activision Blizzard, Inc. (NASDAQ:ATVI): ATVI shares recently traded at $12.28, up $0.15, or 1.24%. They have traded in a 52-week range of $10.40 to $14.40. Volume today was 2,219,652 shares versus a 3-month average volume of 10,876,700 shares. The company’s trailing P/E is 19.59, while trailing earnings are $0.63 per share.

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $25.99, up $0.17, or 0.66%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 9,920,970 shares versus a 3-month average volume of 52,999,500 shares. The company’s trailing P/E is 9.45, while trailing earnings are $2.75 per share.

Walt Disney Co. (NYSE:DIS): DIS shares recently traded at $37.56, up $0.32, or 0.86%. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 2,045,965 shares versus a 3-month average volume of 11,889,800 shares. The company’s trailing P/E is 14.90, while trailing earnings are $2.52 per share.

To contact the reporter on this story: Jim Wilkerson at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com