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Nintendo's Market Value Briefly Tops Sony's
GameDaily reports on news from Reuters; today for the first time Nintendo outpaced Sony's market value. Note that this isn't Sony's games wing, but the entirety of the Sony corporation. Investor confidence spurred by brisk sales of the DS and Wii pushed Nintendo (briefly) into the top ten earners in the nation of Japan, with such rarefied organizations as Honda, Toyota, and Canon. "Nintendo's shares rose to a record high 46,350 yen in the morning, increasing its overall market value to 6.57 trillion yen ($53 billion), which allowed it to surpass Sony's market capitalization for a time. The company's shares, however, finished the day a bit lower putting Nintendo back in 11th place behind Sony, but still ahead of Panasonic maker Matsushita, whose sales are over eight times larger than Nintendo's. Nintendo's market value closed at 6.39 trillion yen on Monday, just below Sony's 6.48 trillion yen."
Especially since I bought Nintendo stock when I saw Sony repeatedly shooting itself in the foot.
I still have more fans than freaks. WTF is wrong with you people?
What sound do people on rollercoasters make? Hint: it's not Xbox 360.
and do it WELL. Just seems to me to be a better business model than to try to do everything and not be able to focus on anything.
Course, I'm a Ninty fanboy, so I'm slightly biased...
Big money goes around Japan?
Sounds to me like Nintendo might be a bit overvalued. The Wii is great, but the games have just been trickling out for it and people are going to lose some of their enthusiasm for the system before too long. I'm not an investor, but I can't see how they can maintain that sort of overinflated valuation for too long.
I read the internet for the articles.
Unless either company decides to buy all its stock back or liquidate itself in the time period of three seconds... why does this matter?
-Rob
Biblical fiscal responsibility
'Nuf said.
The Funny thing is I remember people talking about Nintendo's demise because the Playstation2 and X-Box were outselling it by huge margins.
However I always thought it was ammusing that even at the low numbers of sales, Nintendos bus. model makes a profit comparable to the competitors and there huge numbers.
Can you say "5 to 1 ratio" baby? Even Microsoft is trashing Sony... Hehehehe
In other news Wal-Mart is still worth more than $200 billion, more than Sony and Nintendo combined. Quick, someone submit a Slashdot story.
News for people who hate Sony 24/7/365. Stuff that matters.
Nintendo stock is grossly overvalued right now. Good time to short it (unless of course, you happen to think that the Wii will singlehandedly replace all stereo, television, computer equipment, and all other consumer electronic on the planet, as opposed to simply being a fad game system). At a P/E of 53.78 there are a lot of really, really stupid people pretending to be investors out there.
I don't respond to AC's.
Here in NJ there are still console shoppers staking local game stores for new arrivals of the Wii. I was just at a local gaming store, and in the 10 minutes I was there, two shoppers came in and asked "if they had any in yet." No such luck. No inventory shortages for the PS3, tho.
RichM
Data Center Knowledge
All the other consoles are making a loss with each sale. The Wii makes Nintendo a profit with each sale. That profit can be invested in Nintendo's own development of games which are usually very good games.
Sony will lose even more money once they lower the very high price of a PS3.
Uh, give the revisionism a fucking rest.
No one ever talked about 'Nintendo's Demise'. And no one ever talked about the Xbox outselling the GameCube by a huge margin because...it didn't.
Nintendo has been profitable due to their portable success, the GameCube and N64 were insignificant to Nintendo's overall profits over the past decade or so.
But, hey, waggle, that's never going to get old...right?
A) Sorry, with a P/E of 31 (in times of plenty), this is a good example of an overinflated stock with unsustainable growth. (Sony's P/E is also high at 54 since investors are betting the PS3 will take off at some point -- I think they're right, but I still don't think it's a good buy.)
B) If Nintendo doesn't either start putting out some quality titles, or convincing third parties to do it for them, the Wii excitement will quickly turn to Wiimorse. I really *want* to like this console, but I haven't found a game yet that holds my attention, or my son's, with the exception of Paper Mario, and the caveat that it was too difficult for him, and too easy/tedious for anyone with a little Mario experience under their belt. And why it doesn't support either the "classic controller" (when holding the Wiimote sideways is anything but ergonomic) or motion sensing (when that's the main selling point of the console) is beyond me. Anyway, yeah. More and better games -- and soon!
https://www.eff.org/https-everywhere
When having friends over, playing Playstation is fun and geeky. When having friends over, playing Wii is light-hearted and social. I got a Wii so my non-gamer friends can play along instead than getting their butts handed to them in Tekken round after round.
I'm not employed by any game company. If I had any financial motivation it would be toward MS winning since I can code games on their console using their open dev tools.
That said, the Wii kicks and continues to kick everyone else's ass. Last night after playing so much golden axe and boxing that I couldn't stand it any more I decided "Hey I want to see some better graphics" I loaded up my 360, looked at the games I had available and none of them sounded all that appealing. I tried "Small Arms" and it just didn't look so amazing that it was more fun to play. Same with PocketBike. Considered loading up Dead Rising but didn't want to invest the time. Nothing else grabbed me so I went right back to the Wii for a few more rounds of tennis and went to bed.
Like it or Hate it, the Wii has more staying power than any of the other consoles, graphics or not. You can say that Nintendo stock is over priced if you want, but people said that about google for ages and then their stock price rose anyway.
People are fundamentally fed up with products that don't work / don't do what they claim / are so over-hyped that I have to tune them out just to think. The people of the world want simple services that actually and reliably work. Google and Nintendo are delivering that and so the market is rewarding them and will continue to do so for quite some time. I'm betting that I'll have a lot more fun playing Smash Brothers with my friends than playing Halo with whiny ass, vomit talking, on-line clans.
I love my 360. And someday I'll buy a (lower cost) PS3 just for the eye candy. But when I want to play a game, I keep on going back to the Wii even after having it for quite a while.
Dude, temper. I don't know where you were, but the demise of Nintendo was considered an inevitability almost the day after the Gamecube came out. Not because it sold horribly, but because all the video games happenings were on other systems. Few games, especially the interesting ones, came out on Gamecube. It seemed to guarantee that Nintendo wasn't going to do what it had to to retake the lead after the N64 sucked so hard. I certainly expected Nintendo to be gone by the next gen.
Property is theft.
Wow, where did you get that definition of "open" from? From Ebay, where "mint" is a flavor?
You have to pay $99 a year, can't share with other people who don't also pay $99 a year, the tools themselves are certainly not open source, and no gnu-ware tools.
#naabhaprzrag, #sverubfr-000, #agi-fcbafberq, negvpyr[pynff*=' negvpyr-ary-'] { qvfcynl: abar !vzcbegnag; }
Will nintendos stock markey cap ne enough to buy and power a beowolf cluster of Wii's?
In Soviet Russia Wii Buys You
All your market cap are belong to Nintedo..
Damn nintedos market cap is as big as Go4tse Now
I for one welcome our new market overlords
People always talk about how much the 64 supposedly sucked, but come on: Goldeneye, Ocarina of Time, Perfect Dark, Mario Kart 64, Paper Mario, Smash Bros...
It had some of the best damn games of all time.
It's sad when choosing an installation directory on your own qualifies you as an "advanced user."
I distinctly remember people talking about Nintendo following the Sega model and refocusing only on games. These people were not necessarily informed, but discussion did happen on a semi-regular basis across interested forums. I believe it peaked around the PSP's launch.
At the time the DS was moving slowly, and the PSP's launch was impressive. The "Revolution" was a long ways off, and its features pure speculation. Given they were last in the console market (by market share) and the PSP looked set to steal the handheld market at that time, threads hailing or lamenting the demise of Nintendo as a hardware company were not uncommon. Despite the Gamecube making pure profit, it was hard to imagine that Nintendo could continue making consoles if their market kept shrinking.
People also talked about the Xbox "vastly" outselling the Gamecube. Why? Fanboys of the time would cite specific regions, months, etc. to slant the facts. Just because it was wrong doesn't mean it wasn't spoken.
As a last note, the Gamecube and N64 profits were significant even if they may have been less than the Gameboy Advance (I'm not going to commit either way without numbers). Assuming a mere $1 profit was made on each console sold, that's $50 million in hardware sales. That's distributed over 10 years, but we're making about the harshest assumption possible about systems that were never sold at loss during their time; We're also ignoring software sales, accessories and licensing fees.
Thunderclone: ONE MAN ENTERS! TWO MEN LEAVE! ONE MAN ENTERS! TWO MEN LEAVE!
I agree, that is why I have a Wii and a PC. When I want to game, and not waste my life tuning settings, I play Wii. When I want the best graphics possible I use my PC. The Xbox and the PS3 both feel like PC's I'm not allowed to tune to my liking, and for that I would only buy them if they had some GREAT games for them, which eventually they will, but as you said, nothing is grabbing me now so I play Resident Evil 4 on the Wii and am more pleased with it than everything but God of War II.
Also since it can play gamecube games for the people who already haven't owned a gamecube, and I guess that are plenty, there are quite a few titles for the gamecube out there aswell. Some RPGs (Baten Kaitos, err.. damn I suck at names :D, oh well, there are a few which seems nice anyway), both metroids, smash football, paper mario thousand years door, uhm, and probably more ;/.
Thought I guess the best consoles to own right now is the PS2 and the DS since both are cheaps and have lots of games. Personally I will wait with the Wii until it's cheaper, and I might get a PS3 aswell when it is much cheaper.
It sure didn't have quantity, but it had the quailty. Over the 4 years that anybody owns a console, before moving to the next generation, they shouldn't need any more than 10 games. I don't play every night, but I play a couple times a week, and 10 games would easily last me for 4 years. I'm still playing Mario Kart Double Dash on my Wii because that is just such a great game. I also downloaded Mario Kart 64. I think the Gamecube also had a lot of quality, although it didn't have tons of games. The 2 Metroids, Zelda WW and TP, Mario Kart, Super Smash Bros. Mario Party, Super Monkey Ball (The new one is awesome on the Wii), and many others. I don't care if other systems have 1000 games, when they all suck.
Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
My brother is a SONY fan-boi. He has over 100 titles combined for his PS1 and PS2. He bought a PS3 in March when it was released over here (NZ) and still hasn't gotten a game for it.
Thats the real proof - there aint one AAA game out for the PS3 and its been 8 months now.
Um, something doesn't have to be true for people to talk about it. Plenty of people have claimed the XBox outsold the GameCube by a huge margin. They're just wrong (or exaggerating, depending on the person).
I believe the concept you're failing to grasp is that of "relative". Show me where you can get a Wii or PS3 Dev kit for under $99 on the open market.
Even if the anecdote is a fabrication. WTF is up with Big-N's production line because it is utter bullshit that I cannot pick up a system anywhere. I WANT TO PLAY MANHUNT 2 DAMNIT. AND I WANT THE EXTRA GRUESOME DEATH SCENES.
And I am going to play it on a shitty SD television through a 3rd party coax converter tuned to the wrong channel and the coax sheath freyed so it has a realistic gritty snow effect making the game even more INTENSE.
THIS THING CAN TURN ON A DIME, MACROSSZERO STYLE ALSO FUCK BETA, ~NYORON
Ahem.
All the Linux you can handle, and even without the GPU it's more power than you'll ever need for a homebrew game. If you're a small developer, the Wii devkits are fairly cheap ($5000 or so, but I'm probably wrong here).
09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
45 5F E1 04 22 CA 29 C4 93 3F 95 05 2B 79 2A B2
It had some good games, sure. Mario 64 is one of my favorite games of all time. But everything interesting was happening on the PSX (Resident Evil and Final Fantasy VII to give two examples) after the initial wave of N64 games. The reason for this was hardware. That's why I said the N64 itself sucked.
Property is theft.
I don't know, that sounds like one of those statements that come back to bite you in the ass
Send email from the afterlife! Write your e-will at Dead Man's Switch.
I read more than a few articles and comments from people calling for Nintendo to do a Sega and become a third-party software developer after the Cube tanked. Actually, right up to E3 where people first got to play with the Wii...
By today's standards, the N64 is a pretty sucky console, but really, there's no comparison to the suckiness of the PS1. The PS1 had two things in its favour: It was cheap, and games had a lot of storage space. Other than that, it was a mediocre console, especially compared to the N64 with the memory enhancement. The N64 had no loading time, came with an analog controller, had four controller ports, could display much better 3D graphics, had a rumble pack for the controller...
The N64 sucked, but not as badly as the PS1.
But people didn't buy the Wii for "games that hold their attention" such as Zelda or Super Paper Mario. They bought Wiis for Wii Sports. Nintendo doesn't actually need "hardcore" games (although a few are coming out). What they need is a few strong follow-ups for Wii Sports. And they have these, too - Wii Fitness and Wii Music are looking extremely interesting.
I'd appreciate it if you didn't present completely subjective opinions as hard fact. I'm buying a 360 next week because it has tons of released and upcoming games that interest me. The Wii has exactly one (Metroid Prime 3), so the Wii really doesn't interest me and neither does its controller.
I really question the logic of buying a 360 and PS3 if you don't intend to play any games with them. There are cheaper alternatives for playing HD-DVD and Blu-Ray discs.
So you don't want to waste your life tuning settings (which really means that your game's performance is not satisfactory and you have to fiddle around with the settings, defrag your hard-disk and update your drivers), but you don't like it that the PS3 and 360 don't allow you to tune settings (which is of course completely unnecessary with consoles)?
The fact that you don't need to spend hours tweaking settings on a 360 is a good thing.
Yeah, because all those grandmothers buying the Wii are l33t h@x0r pirates. Get a life. Software to hardware sales ratios started out better than 3-to-1, and I think have gotten better since. People are buying the Wii and buying games, not pirating them.
Maxim: People cannot follow directions.
Increases in truth directly with the length of time spent explaining them
I roughly agree with you on the 10 games thing - I obviously play games a lot more than you and get 1-2 new ones a month but a console only needs 10 good games to justify its purchase. Trouble is some of us are a bit picky about what genre those good games are in, e.g. I don't care for team sports games or 2D fighters so Mario Strikers and Smash Bros aren't my cup of tea. I can see they're well made and all that, just don't like them. I can absolutely see that someone could find the gamecube library wanting - if it hadn't had say Eternal Darkness/Resi 4 or the Pikmins it would have been under the 10 threshold for me personally.
Agreed> I was surprised when Nintendo decided to release the wii since they were sucking so bad last gen. Thought they'd run out of dough like Sega. The wii is selling quite a bit (which wasn't too surprising considering the price, image, little motion-detecting gimic, target audience, and lack of good competition-Sony is expensive, and Microsoft has few games.) I just didn't expect them to come out number one this gen based on their recent history and its a bit of a turn around...
Stab, slash, its all in the mind! If you want to take it....you're gonna find///
Well gee, ranger. I have a whole shelf full of Gamecube games and only a handful of PS2 ones, and I had a ton of fun last generation. I'll agree that most of the game hype was focused on the PS2 and the XBox, but so were most of the biggest letdowns (Metal Gear Solid 2, Final Fantasy X, Fable, etc. most people cite Wind Waker but I enjoyed it), and the biggest cheese fests (Extreme Beach Volleyball? come on..)
I'm really curious to hear what your definition of "interesting" is.
The Wii isn't marketed to the hardcore gamer like the PS3 and XBox360 are. I know people who got their console last year and are still happy playing the Wii Sports game that came with it.
The thing that will kill Wii sales the quickest are too many crappy games. If Nintendo promised 380 games this year, I'd sell my stocks as fast as I could. If you want to know why, look up what caused the great video game crash of the 1980's (it wasn't just ET ;)).
Even if only 1 or 2 good games come out a year for the Wii, it will still be selling very well.
Spell cheek you've failed me four the last thyme!