Rumour: Nintendo’s next handheld is codename “MH”
Update: New from Japanese source Dr. Serkan Toto, pretty much throws cold water on this one;
That Morgan Stanley Japan note on Nintendo does NOT mean a portable console or the name “MH” is confirmed. They are picturing a scenario.
Original Story: We’ve been working on the assumption that the NX is some sort of hybrid Nintendo console for so long, it’s a little odd to today see a report saying Nintendo still have a handheld in the works.
The handheld, codename MH is allegedly in development alongside NX, which is still believed to be a home console. The news comes from the DHZ Financial Research’s Trader’s Web site and reported on Traders.co.jp.
The article only mentions the MH in passing, it’s more concerned about Nintendo’s stock price – but why mention it if you don’t know it’s something?
Here’s a translation of the story;
Nintendo – Mitsubishi UFJMS cutting stock price benchmarks, targeting long-range investment
Nintendo <7974.T> continue to see their stock prices fall. At the Mitsubishi UFJ Morgan Stanley Securities, the new traction for mid-term profit growth is being changed to next-generation game console. As a target for long-term investment, the investment judgment “Overweight” is continued. The stock price benchmark is being reduced from 34000 yen to 32200 yen.
By doing things like changing money order premises, forecasts from FY March 2017 to FY March 2020 are being revised downwards. The driving force for economic growth has been switched from previous new businesses like “Health service, Theme park & Mobile games” to the next generation game console NX and next generation portable game console MH (Tentative title). There is no change in mid-term growth scenario.
Things being predicted from now on are new factors to profit impact when NX and MH are to be fully announced, and monetization of mobile games. If the skepticism on these can be wiped away, there is a high chance that their stocks will be greatly revalued, and as a premise for long-term investment, now is perhaps the [best] entry timing [to invest here].