Nintendo tops Sony's market value
The Mario factory's shares hit a record high and briefly overtakes the PlayStation 3 maker on the Japanese stock market.
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 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).
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.
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.
Nintendo spokesperson Ken Toyoda said that he did not believe that sales in the US had reached their full potential, and that in the past, the company had sold twice as many consoles in the US as in Japan or Europe.
623 Comments
Content you might like…
-
Dead Rising: Chop Till You Drop Review

Dead Rising veterans might see a downsized port, but for newcomers this is an enjoyable horror-themed action game.
- Mar 11, 2009
Users who looked at this article also looked at these content items.
Hot Stories
Newsmakers
-
Carmack on ZeniMax, Apple, and new 'triple-A' game
Q&A: id Software's technical guru explains shock buyout by Bethesda parent, talks about new project, and doubts the Mac-maker will enter the console wars; new wave of iPhone games explained in detail. Full Story
- Posted Jun 26, 2009 12:23 pm PT
- 169 Comments
-
Crosshairs Interview: Remedy Ent. on Alan Wake
We chat with lead writer Sam Lake at E3 2009 about Alan Wake. Full Story
- Posted Jun 29, 2009 1:04 am PT
Featured Stories
-
Starcraft II jettisons LAN support
Blizzard confirms anticipated sci-fi RTS will skip local multiplayer due to piracy, quality concerns. Full Story
- Posted Jun 30, 2009 11:45 am PT
- 940 Comments
-
28% of all console gamers now female - Study
Industry-tracking NPD Group reveals women flocking to Wii, hardcore gaming on decline, online gaming stagnate. Full Story
- Posted Jun 29, 2009 4:45 pm PT
- 507 Comments
-
Shippin' Out June 28-July 4: Call of Juarez prequel, Harry Potter
Ubisoft's Western shooter and J.K. Rowling's boy-wizard lead this week's retail charge along with Mega Man Star Force 3, Worms 2: Armageddon, The Punisher: No Mercy, Ice Age film game. Full Story
- Posted Jun 29, 2009 8:22 am PT
- 66 Comments
-
Obsidian, Sega confirm Aliens RPG 'no longer in development'
Developer breaks silence, confirms all work has ceased on sci-fi film-inspired role-playing project; publisher says there are "no plans to move forward" with the game. Full Story
- Posted Jun 26, 2009 4:31 pm PT
- 151 Comments
-
THQ reveals controller-based game for 2010
UFC publisher reveals first peripheral-specific title, claiming it will have a "competitive advantage" by being "different from anything else." Full Story
- Posted Jun 26, 2009 2:17 pm PT
- 146 Comments
Recent News
Site Blogs
-
Battlestations: Pacific DLC deploying in July
Battlestations: Pacific won the battle against critics when it debuted on the Xbox 360 and PC in May. And while it has yet to be seen...





JW16 posted Jun 26, 2007 11:54 pm PT (does not meet display criteria. login to show)
slapme7times posted Jun 26, 2007 9:47 pm PT (does not meet display criteria. login to show)
Stan_Gable posted Jun 26, 2007 7:00 pm PT (does not meet display criteria. login to show)