Wow....just wow! Today Nintendo briefly outstriped Sony for Market value in the Japanese stock market. This is a huge deal because Sony is in so many, many different markets (Cameras, LCDs, Computers). Whereas Nintendo only makes games and game consoles.
Nintendo briefly outstrips Sony in market valueTOKYO (Reuters) - Nintendo Co. Ltd. (7974.OS: Quote, Profile, Research) briefly zipped past Sony Corp. (6758.T: Quote, Profile, Research) in market capitalization on Monday to become one of Japan's 10 most valuable companies as it elbows the PlayStation maker out of its decade-long dominance of the game industry.
Nintendo joined global household names such as Toyota Motor Corp. (7203.T: Quote, Profile, Research), Honda Motor Co. (7267.T: Quote, Profile, Research) and Canon Inc. (7751.T: Quote, Profile, Research) on the top-10 list before its shares erased earlier gains and ended the day lower.
Nintendo tops Sony's market valueLast week both Nintendo and Sony shares continued to climb, with the former rapidly creeping up on the latter's market capitalisation, according to Bloomberg. Today Nintendo shares temporarily overtook Sony, hitting a record high of 45,350 yen (approx $367), which brought the company's net worth to 6.57 trillion yen ($53 billion), in comparison to Sony's 6.48 trillion yen ($52 billion). At the close of the Tokyo-based Nikkei stock exchange, Nintendo's shares had dropped down to 45,100 yen ($365)...
Nintendo is reported to have sold about 2.37 million Wii consoles in the US, 2 million in Japan, and 1.47 million in other regions including Europe.
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