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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."
Overvalued. More like watch out below...
I just picked up a 1080p 37 inch set for just under a grand. And my Wii looks like complete crap. Doesn't really matter because I haven't touched the system more than a few token minutes over the past few months. Time to start shopping for a real next gen system.
The Wii reminds me of one of those days were you wake up from a night of drinking and go WTF was I thinking when I bought this thing. I could have gotten just as much enjoyment out of the system if I had played it for ten minutes over at a friends house.
Even the big games on the way now look nothing more than basically the same old GameCube games from last gen with some Wiimote controls bolted on. Wow, you can point instead of using your thumb...whoopie!
I guess you have to hand it to Nintendo for pulling a fast one over on so many people. I was pure genius to sell essentially their same old system with the gimmicky controller and a name change to so many suckers. We'll see how much longer it lasts, I can't think of a single other Wii owner who doesn't talk about their system sitting there gathering dust for the past few months.
> My kids play the Wii constantly. I play it when I get the time to.
Let me guess...people refer to your children as 'special'...
Shouldn't be so harsh, it is nice to get input from the trailer trash/Walmart shopping bought a Wii with welfare check crowd. That demo has always been a key indicator to the future of the console market.