STMicroelectronics and PNI Sensors selected for Nintendo's Wii U STMicroelectronics (STM) and PNI Sensor announced that Nintendo (NTDOY) has adopted an advanced sensor solution for Nintendo's newly launched Wii U that includes sensors from ST and PNI. PNI's 3-axis geomagnetic sensor, based on proprietary magneto-inductive technology and driven by ST's ASIC, together with an ST 3-axis accelerometer, enables intuitive motion sensing in gaming applications. The Wii U supports the need of users to enjoy intuitive motion control that is stable under various environments. The geomagnetic sensor delivers new playability in combination with other sensors. Further, the accelerometer accommodates a wide variety of players' motions in gaming.
Nintendo downgraded to Underperform on 'structural' declines at Jefferies Jefferies downgraded Nintendo to Underperform citing an unfavorable risk/reward amid "structural and cyclical declines" in revenue and profits. The firm lowered its price target for shares to $12.70 from $15.30.