An upbeat handover from Wall Street on Thursday inspired gains in most Asian shares on Friday.» Read More
Nintendo said on Friday that sales of its Wii U consoles had flopped, pushing it to a third consecutive annual loss.
Trade in Asian equity markets was subdued on Friday after underwhelming U.S. earnings results pulled the plug on Wall Street's two-day rally.
*Sees oper loss at 35 bln yen instead of 100 bln yen profit. TOKYO, Jan 17- Nintendo Co Ltd said on Friday that sales of its Wii U consoles had flopped, pushing it to a third consecutive annual loss and raising a question mark over its future in a home console market increasingly dominated by Sony Corp and Microsoft Corp..
TOKYO, Jan 17- Nintendo Co Ltd said it expects an operating loss of 35 billion yen for the year to end-March, citing much weaker-than-expected sales of its Wii U and 3 DS game machines during the crucial holiday season.
Asian equities were mostly lower on Tuesday with Japan's benchmark index as the region's top loser following a sell-off on Wall Street overnight.
Game consoles sold in China are mostly modified to allow pirated games, causing console makers to lose out on royalties from software sales.
BEIJING/ TOKYO/ SAN FRANCISCO, Jan 10- For the past five years, Zhang Yang has sold Xboxes, Wiis and PlayStations at his Beijing shop, but the Chinese merchant is a thorn in the side of video game console makers now allowed into the world's third biggest market.
Asian equity markets were mostly lower on Thursday after China's annual consumer inflation hit a seven-month low in December.
Asian stocks were mixed on Wednesday with Japan's benchmark index outperforming its peers, which traded flat despite a positive global lead.
TOKYO, Jan 8- Japan's Nikkei soared on Wednesday after strong trade data in the United States boosted risk appetite, with traders seeing buying from foreign pension funds, while Nintendo Co Ltd jumped after China temporarily lifted a ban on selling game consoles.
Just how much of a boost will foreign game-makers like Sony, Nintendo and Microsoft get from the China market? CNBC's Julia Wood reports.
*Nintendo jumps on China easing ban. *Mitsubishi Motors sag to 2- week low on dilution fears. TOKYO, Jan 8- Japan's Nikkei share average rose on Wednesday morning to recoup some of the losses posted earlier in the week after strong trade data in the U.S. boosted risk appetite, and convenience store operators soared on strong earnings.
China video game mkt third-largest by revenue, worth $14 billion. BEIJING, Jan 7- China has temporarily lifted a 14- year-old ban on selling video game consoles, paving the way for Sony Corp, Microsoft Corp and Nintendo Co Ltd to enter the world's third largest video game market in terms of revenue.
Asian stocks ended mixed on Tuesday as weak U.S. economic data and caution ahead of this week's key risk events weighed on sentiment.
BEIJING, Jan 7- China's State Council said it has temporarily lifted a ban on selling foreign video game consoles, paving the way for firms like Sony Corp, Microsoft Corp and Nintendo Co Ltd to enter a nearly $14 billion dollar market.
Asian stocks rose on Friday as Japan's Nikkei index logged a fresh six-year high on the back of a weak yen.
New game consoles from Sony and Microsoft are sold out in many stores, a hint that the business is turning into a two-horse race. The NYT reports.
Asia stocks were mostly higher on Thursday after the Fed unveiled a cut in stimulus and vowed to keep rates low but China underperformed on liquidity fears.
SAN FRANCISCO, Dec 13- The startup Oculus VR has raised $75 million to market its virtual-reality headset for video games, hoping to attract consumers who have shied away from such products in the past. Irvine, California- based Oculus raised the sum in a round led by Silicon Valley investor Mark Andreessen of venture capital firm Andreessen Horowitz.
Sellouts of the systems aren't surprising, but that they have essentially the same sales numbers is a bit unexpected.