Nintendo tops Sony's market value

[m0zart1]

Dunno how many of you have already seen this, but I thought I'd share it just in case:

http://www.gamespot.com/news/6173041.html

Last 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 did temporarily overtake Sony, hitting a record high of 45,350 yen (approx $367), which brought the company's market capitalisation 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 stock exchange, Nintendo's shares had dropped down to 45,100 yen ($365).

The company may also beat Sony's sales figures this year, as it has forecast 1.14 trillion yen in revenue ($9.2 billion) this business year, following on from 966.5 billion yen ($7.8 billion) in its last fiscal year, which ended March 2007. Sony, which reported 1.02 trillion yen ($8 billion) sales in its game division, has not published an estimate for its financial 2008 year, which also started in April 2007.

[Steerforth]

That is kind of surprising. So much for poor Nintendo being an underdog to the evil Sony and Microsoft empires. Now they have to figure out ways to spend it wisely.


"Move over little dog, the FAT dog is moving in!" - Hank Williams

"Now, draw me a picture of a firetruck. These exercises are good for you cerebal cortex!" - Dr. Kawishima

Its a brave new world in videogames.

[Luke]

The key word there is "temporarily."

Anyway, the Wii will never even come close to accomplishing what the PS2 has as far as overall sales figures. Not even close.

[Steerforth]

Probably not, but the DS might. It would help if the PS2 decided to quit selling first, though!

[Superjay]

I don't think it matters who has the greatest market share. We should be more concerned with the games these companies make rather than how much their empolyees are making.

[Paul Campbell]

[QUOTE=Luke]The key word there is "temporarily."

Anyway, the Wii will never even come close to accomplishing what the PS2 has as far as overall sales figures. Not even close.[/QUOTE]

On the contrary, I think that if there is anything out there that has a good sporting chance of doing it, it would be the Wii.  It is so much more diverse than the PS2 that I think it is possible that the Wii has only just scratched the surface.  Having sunk my teeth into RE4 and seeing what a MASSIVE improvement the Wii is with FPS's, that pretty much negates the one thing that everybody thought it wouldn't be able to handle compared to its competitors.  Of course, this is only possible if Nintendo continues to play its cards right and not take a nose dive.

[Koopa W.]

Dude, Sony is Nintendo and Microsoft's b!tch.

[Iain]

I doubt Nintendo are wanting Share Prices to go that high. When the Price of individual shares starts reaching that kind of silly level people stop buying as they start to become too expensive to afford. Nintendo will almost certainly issue new shares in order to cut the price of individual shares while keeping the companies value the same.

At any rate it is clear investors are confident in Nintendo, but it is silly to try and take sides here. All three companies are rather distasteful multi-nationals, but at the same time all three produce products that I love. So I enjoy the systems of all three companies while not having any love for the executives of any.

And if Sony does too badly, rather than that being the wonderful thing some people imagine, it will just mean the end of a great console line. I hope the PS3 improves soon and becomes a machine worth buying, because Sony wont keep subsidising a failing product forever.

[Luke]

[QUOTE=Koopa W.]Dude, Sony is Nintendo and Microsoft's b!tch.
[/QUOTE]How so? Sony has owned the home gaming market for the last decade.

[Michael D]

[QUOTE=Luke][QUOTE=Koopa W.]Dude, Sony is Nintendo and Microsoft's b!tch.
[/QUOTE]How so? Sony has owned the home gaming market for the last decade.[/QUOTE]

That may be, but considering all the money that Sony's hemmoraging over the PS3 (and to a lesser extent, the PSP), Sony's certainly on the downslide now.