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."

Comments

Just Another Manic Monday...

[StikyPad]

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!

Re:Time to short?

[MeanderingMind]

Hi, I have a 46" HD TV, the sound system to go with it, and an Xbox 360 to play on it. I haven't touched the Xbox except to play movies for some time. Maybe once in the past 6 months (when Armored Core 4 came out).

I also have a Wii.

The Wii is not as impressive graphically as the 360 on the HDTV, but I can not say it looks like crap. It's decent, not "Wow" but decent. The 360 and PS3 are "Wow" when it comes to graphics, I'll give them that much.

However, I play my Wii far more than my other consoles. That's not to say I spend oodles of time playing it, but it garners more of my attention.

If you want a system that looks like crap on an HDTV, get a PS2. Several of my games were literally unplayable because of how it was displayed. It was visibly different than how it would look on an SDTV to the point of being a garbled mess. Unless the game is explicitly HD, it's probably going to look terrible.

I doubt the GP fits into the "trailer trash" stereotype anymore than I do. There are far better arguments to make against the Wii than ad hominem attacks. You're intelligent enough to spell, you should be intelligent enough to come up with something more substancial than pure insults.