The Future of Nintendo and Take-Two
This past week, two big gaming companies released earnings reports, and each had a very different story to tell. Nintendo revealed that its newest console, the Wii U, is underselling its six-year old Wii console. Despite this, the company managed to reach a net profit for the quarter, but poor console sales do not bode well for Nintendo's future, especially with heavier competition from Microsoft and Sony later this year.
On the other hand, Take-Two Interactive beat expectations thanks to older games like Grand Theft Auto IV. With Grand Theft Auto V hitting store shelves this September, this indicates a solid future for the game developer. Check out the video below featuring Incredibly Handsome Blog Editor Mark Reeth for more details!
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The article The Future of Nintendo and Take-Two originally appeared on Fool.com.Fool contributor Mark Reeth has no position in any stocks mentioned. The Motley Fool recommends Take-Two Interactive. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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