Nintendo's Market Value Briefly Tops Sony's

Posted by Zonk on Monday June 25, 2007 @08:37AM from the ballet-of-the-titans dept.

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."

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Waggle by Anonymous Coward · 2007-06-25 08:55 · Score: -1, Troll

Can't stop laughing at all of the people sitting around crying that they have nothing to play on their Wii and haven't turned the thing on for months.

Nintendo has shown the world that there really is truth to the 'sucker born every minute' truism.

Waggle, heh...