Nintendo Joins Netflix and Amazon

Not only have Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) shown bigger than expected loss of subscribers, but now Nintendo is coming under scrutiny. A few years ago the Internet was rife with “it print’s money” meme referring to Nintendo’s vast success with its Nintendo DS handheld gaming system.

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Nintendo’s near future looks like an uphill climb. The company slashed the price of the 3DS from $249.9 to $169.99 on August 12th. And, that hasn’t seemed to revive things all that much. Its next console, the Wii U, isn’t expected until holiday 2012 at the earliest, and possibly not until some time in 2013. In addition to soft sales of the Nintendo 3DS, the strong yen is also hurting the company; Nintendo makes 80% of its sales overseas.

Sony’s (NYSE:SNE) new handheld, the Playstation Vita, will offer more competition to the 3DS in December (in Japan) and February (in other regions). It remains to be seen if Sony will have any more luck in the dedicated handheld gaming space, or whether smartphones and tablets have put an end to the market for handheld gaming hardware,” according to IT World Today.

Here’s how these stocks are trading now:

  • Netflix, Inc. (NASDAQ:NFLX): The shares recently traded at $84.14, up $3.28, or 4.06%. Its market capitalization is $4.42 billion. They have traded in a 52-week range of $74.25 to $304.79. Volume today was 8,256,355 shares versus a 3-month average volume of 8,708,380 shares. The company’s trailing P/E is 19.12, while trailing earnings are $4.40 per share. About the company: Netflix Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
  • Amazon.com Inc. (NASDAQ:AMZN): The shares recently traded at $217.32, up $10.54, or 5.1%. Its market capitalization is $98.83 billion. They have traded in a 52-week range of $156.77 to $246.71. Volume today was 9,886,256 shares versus a 3-month average volume of 6,988,060 shares. The company’s trailing P/E is 114.56, while trailing earnings are $1.90 per share. About the company: Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company’s products include books, music, videotapes, computers, electronics, home and garden, and numerous other products. Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.
  • Sony Corporation (NYSE:SNE): The shares recently traded at $22.38, up $0.43, or 1.96%. Its market capitalization is $22.46 billion. They have traded in a 52-week range of $18.10 to $36.97. Volume today was 1,192,403 shares versus a 3-month average volume of 1,347,910 shares. The company’s trailing earnings are $-3.95 per share. About the company: SONY CORPORATION manufactures audio, home video game consoles, communications, key device and information technology products for the consumer and professional markets. The Company’s other businesses include music, pictures, computer entertainment, and online businesses.

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