PSA Interviews & Media Coverage – 2019

Financial Times

10 November 2019

Apple’s profits fade but share price defies gravity

by Patrick McGee in San Francisco and Richard Henderson in New York

……… “Apple has piled on more than $400bn of market capitalisation so far this year, even as its profit margins fade and its new iPhone failed to wow analysts………..
But investors pointed to the company’s share buybacks, its services revenues and the anticipated success of 5G as reasons for optimism………
………. “The market puts a premium on software over hardware,” said Pelham Smithers, an independent analyst. “Software is less cyclical, enjoys higher margins and is easier to protect.

Visit website

Japan Times

7 November 2019

SoftBank’s Son says it’s business as usual after record loss, but Tokyo traders aren’t buying it

by Pavel Alpeyev

……… At a briefing in Tokyo on Wednesday, the billionaire admitted that “earnings are a mess.” He allowed that overvaluing WeWork was a judgment error, but then spent the bulk of the nearly two-hour event defending his approach, highlighting the potential of his technology investments and boasting about his returns compared with traditional venture capitalists. He made it clear that he has no plans to back off a strategy that has rattled Silicon Valley and raised concerns of a bubble in start-up valuations. Indeed, he said that fundraising for a second Vision Fund is on track and the fund will debut soon.

“SoftBank’s performance brings to mind Everett Dirksen’s famous quote ‘a billion here, a billion there, pretty soon you are talking real money,’” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “The problem the fund has is that to get more investments IPO-ed, it will need a healthy U.S. stock market. This in turn means that the fund would have a tough benchmark to beat.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Japan Times

7 November 2019

SoftBank’s Son says it’s business as usual after record loss, but Tokyo traders aren’t buying it

by Pavel Alpeyev [Bloomberg]

……… At a briefing in Tokyo on Wednesday, the billionaire admitted that “earnings are a mess.” He allowed that overvaluing WeWork was a judgment error, but then spent the bulk of the nearly two-hour event defending his approach, highlighting the potential of his technology investments and boasting about his returns compared with traditional venture capitalists. He made it clear that he has no plans to back off a strategy that has rattled Silicon Valley and raised concerns of a bubble in start-up valuations. Indeed, he said that fundraising for a second Vision Fund is on track and the fund will debut soon.

“SoftBank’s performance brings to mind Everett Dirksen’s famous quote ‘a billion here, a billion there, pretty soon you are talking real money,’” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “The problem the fund has is that to get more investments IPO-ed, it will need a healthy U.S. stock market. This in turn means that the fund would have a tough benchmark to beat.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Japan Times

7 November 2019

SoftBank’s Son says it’s business as usual after record loss, but Tokyo traders aren’t buying it

by Pavel Alpeyev [Bloomberg]

……… At a briefing in Tokyo on Wednesday, the billionaire admitted that “earnings are a mess.” He allowed that overvaluing WeWork was a judgment error, but then spent the bulk of the nearly two-hour event defending his approach, highlighting the potential of his technology investments and boasting about his returns compared with traditional venture capitalists. He made it clear that he has no plans to back off a strategy that has rattled Silicon Valley and raised concerns of a bubble in start-up valuations. Indeed, he said that fundraising for a second Vision Fund is on track and the fund will debut soon.

“SoftBank’s performance brings to mind Everett Dirksen’s famous quote ‘a billion here, a billion there, pretty soon you are talking real money,’” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “The problem the fund has is that to get more investments IPO-ed, it will need a healthy U.S. stock market. This in turn means that the fund would have a tough benchmark to beat.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Japan Times

7 November 2019

SoftBank’s Son says it’s business as usual after record loss, but Tokyo traders aren’t buying it

by Pavel Alpeyev [Bloomberg]

……… At a briefing in Tokyo on Wednesday, the billionaire admitted that “earnings are a mess.” He allowed that overvaluing WeWork was a judgment error, but then spent the bulk of the nearly two-hour event defending his approach, highlighting the potential of his technology investments and boasting about his returns compared with traditional venture capitalists. He made it clear that he has no plans to back off a strategy that has rattled Silicon Valley and raised concerns of a bubble in start-up valuations. Indeed, he said that fundraising for a second Vision Fund is on track and the fund will debut soon.

“SoftBank’s performance brings to mind Everett Dirksen’s famous quote ‘a billion here, a billion there, pretty soon you are talking real money,’” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “The problem the fund has is that to get more investments IPO-ed, it will need a healthy U.S. stock market. This in turn means that the fund would have a tough benchmark to beat.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Bloomberg

30 July 2019

Sony CEO Demonstrates How to Manage a Shrinking Technology Icon

by Pavel Alpeyev and Sheryl Tian Tong Lee

……… Investors showed optimism despite Sony reducing its revenue forecast on declining sales of PlayStation 4 games console and televisions. The electronics maker lowered its target for the year ending March 2020 to 8.6 trillion yen ($79 billion), or 200 billion yen less than a forecast in April. Yoshida, who played a key role as finance chief in the company’s turnaround over the past half-decade, kept the profit outlook for the year unchanged.

“Overall, Sony first-quarter performance was solid,” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “For the time being, though, the market should be reasonably happy.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Bloomberg

30 July 2019

Sony CEO Demonstrates How to Manage a Shrinking Technology Icon

by Pavel Alpeyev and Sheryl Tian Tong Lee

……… Investors showed optimism despite Sony reducing its revenue forecast on declining sales of PlayStation 4 games console and televisions. The electronics maker lowered its target for the year ending March 2020 to 8.6 trillion yen ($79 billion), or 200 billion yen less than a forecast in April. Yoshida, who played a key role as finance chief in the company’s turnaround over the past half-decade, kept the profit outlook for the year unchanged.

“Overall, Sony first-quarter performance was solid,” Pelham Smithers, whose London-based firm offers equity research on Asian technology companies, wrote in a note to clients. “For the time being, though, the market should be reasonably happy.”

Visit website

Wired UK

20 April 2019

What do the PS5’s specs tell us about the future of PlayStation versus Xbox?

by Will Bedingfield

Sony’s recent PlayStation reveal points to a focus on the ultra high-end as Microsoft and Google move to streaming ……
The specs of the CPU, says Pelham Smithers, MD of market research firm Pelham Smithers Associates that specialises in Japanese manufacturing, give us enough to guess at which exact CPU the PS5 will use. From what Cerny has detailed, it will need to be a 7nm 8-core Ryzen CPU that supports ray-tracing, is 8K compatible and works with the AMD Navi 20 GPU. This suggests that Sony is using the AMD Ryzen 3600G, unveiled at CES 2019. By the second half of 2019, says Smithers, this CPU should be retailing between $180 and $220 per unit – just the right amount for a US$399 console.

Visit website

Forbes Asia

10 April 2019

Japan’s Richest 2019: Former Tech Darling Drops Out Of Billionaire Ranks Amid Scandals And Slumping Sales

by Grace Chung

Falling sales of his company Mixi’s game Monster Strike combined with ticket and trademark scandals cost Kenji Kasahara $510 million of his fortune in the past year, dropping him to a net worth of $990 million…………
While Mixi’s stock languishes, the company has plans to turn Monster Strike into an eSports game to tap the growing popularity of sports-based games. “As the company continues to expand its touch points with Monster Strike fans as well as broadening its user base, it could get better at managing revenue declines over the medium term, while potentially producing a sales recovery in the long term,” noted a report by equity research firm Pelham Smithers Associates.

Visit website

Wired UK

31 March 2019

Why launching two new Nintendo Switch models is a stroke of genius

by Will Bedingfield

There’s no denying the Nintendo Switch has been an unqualified success. By the end of 2018, the company had shifted more than 32 million units worldwide since launch in 2017. To put that in context, Microsoft’s Xbox One is currently on 39 million, and that has been on sale since 2013………..
Pelham Smithers, MD of market research firm Pelham Smithers Associates which specialises in Japanese manufacturing, has been expecting the announcement of an upgraded Switch since last December. Though Stadia is probably too far off from mainstream adoption to be on Nintendo’s radar, the ethernet port upgrade is essential for UK and UK consumers, says Smithers, if, as he expects, Nintendo aims to make its titles available for server-side gaming.

Visit website

The Express

11 February 2019

PS5 release date, price latest: Good news and bad news for PlayStation fans

by James Brumley

London research firm Pelham Smithers believes the market will shrink in 2019 and 2020.

Smithers blames ageing PS4 and Xbox One consoles, a lack of blockbuster releases and Fortnite-fatigue for the potential drop in revenue.

Mobile gaming is also expected to take a hit in China, as a stricter new approvals system comes into force.
This decline is expected to continue until the year following the launch of the PS5 and Xbox Two.

Visit website

Investor Place

8 February 2019

Activision Stock Heads into Q4 Earnings on the Defensive

by James Brumley

London-based researcher Pelham Smithers recently noted, “The various bits of the jigsaw puzzle just don’t add up, so we’re looking for the market to shrink in 2019. The sell-off in video game stocks is primarily down to a growing realization of the risk that this view is right.”

With that backdrop, even an earnings beat from Activision Blizzard on Tuesday may not be able to drive a sustained recovery effort for ATVI stock.

Visit website

Financial Times

30 January 2019

VW platform essential for empire building

by Patrick McGee

Volkswagen’s leadership in platform-sharing was borne of necessity after its multi-decade empire-building phase, in which it absorbed Seat, Skoda, Bentley, Lamborghini and Porsche.

The VW Group now operates 12 brands compared with just five at Toyota and four at General Motors.
The idea behind “platform sharing” is for a variety of cars to share the same chassis and underbody. This saves money, but it can result in cookie-cutter-like monotony. Critics once derided it as “badge engineering” because nothing was different but the name of the car.

In the 2000s, VW took the concept further, pioneering “modular” production with its MQB combustion engine chassis. Instead of just sharing the same tangible parts, cars built on this chassis share “a set of dimensions”, said Julie Boote, analyst at Pelham Smithers Associates Ltd.

Visit website

Bloomberg

23 January 2019

Peak Video Game? Top Analyst Sees Industry Slumping in 2019 

by Yuji Nakamura
Video game revenue is headed for the first decline since 1995, with sales expected to fall by 1 percent to $136.5 billion this year, according to Pelham Smithers, owner of an eponymous London-based research firm. He blames China’s stricter approach to game approvals, a shortage of big console hits, and fatigue among players for battle-royale titles like Fortnite.

Pelham Smithers, who began covering the industry in the late 1980s, points to the recent sharp drop in stocks like Tencent Holdings Ltd. and Electronics Arts Inc. as proof that he’s right. He sees the drag lasting until at least 2020.
The various bits of the jigsaw puzzle just don’t add up, so we’re looking for the market to shrink in 2019,” said Smithers. “The sell-off in video game stocks is primarily down to a growing realization of the risk that this view is right.

Visit website

Bloomberg

20 January 2019

Nintendo Rebounds as Optimistic Signs Emerge After a Brutal Year

by Yuji Nakamura and Yuki Furukawa
Nintendo Co. investors, battered by slower-than-anticipated sales of the Switch and a steep share decline last year, are starting to feel optimistic again.
The possibility of price cuts for the machine, an improving software pipeline and the upcoming launch of Nintendo’s biggest mobile game in two years are all boosting confidence. That’s helped to fuel a 22 percent stock jump since a December low, following a peak-to-trough slump of 44 percent in 2018.
With software sales for the last three months of 2018 showing strength, profits should stand up despite weaker hardware revenue when Nintendo reports results on Jan. 31, according to Pelham Smithers, who runs Pelham Smithers Associates Ltd. in London. “We favor the stock now,” Smithers said. “I have a real problem thinking where the disappointment will come from this year.”

Visit website

IG UK

04 January 2019

The ‘Apple’ effect could hamper tech for some time

With tech having been the outperformer on both the upside in early 2018 and the downside later in the year, IGTV’s Jeremy Naylor catches up with Pelham Smithers from Pelham Smithers Associates to discuss the outlook for 2019.

Visit website