A stock market blog focused on Asia has posted a new report suggesting that not only will we get our first look at the NX concept in just a few months, but that the console will begin sales by the end of the year. According to Barron’s Asia, Nintendo stock has slipped 5% in Tokyo because Nomura Securities expects the NX to “cannibalize” sales of the Nintendo 3DS and Wii U.
“Nomura expects Nintendo to announce the ‘concept’ sometime between March and May, unveil the actual console in June, and launch it between October and November,” Barron’s Asia wrote. Presumably, that would put the console’s final reveal during E3 2016.
“We had previously thought that the NX launch would have only a limited impact on 3DS and Wii U sales as it is not being positioned as a successor to either console,” Barrons Asia quoted analyst Junko Yamamura, “but we have now altered our view because 3DS sales have been weakening a little recently, particularly in terms of software, as the machine enters its sixth year, and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past.”
Nomura Securities is a subsidiary of Nomura, a Japanese a financial services group and global investment bank. Nomura Securities deals in a number of industries, including retail, technology, restaurants, and steel. While this news is hardly an official announcement, it does have the backing power of real money. Nintendo stocks are being affected by this, and as a result it is worth noting.
Last October we reported that Nintendo had already begun shipping development kits for the NX. If you look at timelines for their previous consoles, this could potentially give them time to ship by holiday 2016.