Jun 25, 2007 2:11 PM

Nintendo Briefly Tops Sony's Market Value

Well, that didn’t take long: less than a week after reporters noted that Nintendo’s market capitalization had surpassed Matsushita and was closing in on Sony, the total value of their shares briefly eclipsed Sony in trading today: Nintendo’s share price rose to a record high of 46,350 yen Monday morning on the Osaka Stock Exchange, […]

Well, that didn't take long: less than a week after reporters noted that Nintendo's market capitalization had surpassed Matsushita and was closing in on Sony, the total value of their shares briefly eclipsed Sony in trading today:

Nintendo's share price rose to a record high of 46,350 yen Monday morning on the Osaka Stock Exchange, giving the Kyoto-based company a market capitalisation of 6.56 trillion yen (52.9 billion dollars).
Sony shares meanwhile dropped to 6,460 yen each, pushing its market value down to just shy of 6.50 trillion yen as investors fret over prospects for the iconic Japanese company's video game and electronics divisions.

Nintendo briefly outranks Sony in market value [Yahoo/AFP]

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Chris Kohler started writing for WIRED in 2002, and founded WIRED.com's Game|Life channel in 2005. He is the author of the books Power-Up and Retro Gaming Hacks, and co-hosts the Stitcher Award-winning podcast Good Job, Brain! ... Read More

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