Nintendo surpasses Sony in market value
We knew Nintendo was closing in on Sony in terms of market value before, but now the line has been crossed. Nintendo Co. Ltd. shares were up 1.5% to ¥46,150 early on Monday (remember, they’re ahead of us). Its overall market value rose to ¥6.54 trillion (US$53 billion). In comparison, Sony Corp. shares fell 1.1% to ¥6,480, the company’s market value now totaling ¥6.50 trillion.
As a result, Nintendo is now in the Top 10 companies in market value in Japan for the first time ever. Among those on the list are Toyota Motor Corp., Honda Motor Co. Ltd., and Canon Inc.
UPDATE: Figures have been updated according to the changes in the Reuters article. The original numbers were posted while trading was still active for the day. The current numbers should be from the close of Monday’s trading.
Wow….I do wish I had bought some Nintendo stock three years ago. But the success of the DS and Wii was so unexpected.