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Bloomberg
Nintendo Co remains bereft of a monster smartphone hit more than four years after a much-ballyhooed entry into mobile gaming. The wait may finally be over.
Mario Kart Tour, scheduled to launch this summer, has had gamers in a tizzy since it was announced in early 2018. Not only is the franchise one of the best-known racing series in video games, it’s regarded as the Nintendo title most suitable for smartphones in terms of controls, opportunities to make money off users and features to hook mobile players.
But investors remain cautious, given Nintendo’s patchy track record in mobile and the fact that Tour was already delayed once. That’s why most Wall Street analysts have excluded it from their profit estimates for this year, leaving a lot of upside. Should the game become a bona fide hit, that could be key to sustaining this year’s 32 percent stock rally.