Chris Kohler
Culture

Nintendo's Market Capitalization Closes In On Sony

Reuters reports today that Nintendo’s market capitalization — the sum total of all outstanding shares of stock — has surpassed Japanese electronics firm Matsushita (aka Panasonic) and is closing in on Sony: Nintendo shares closed up 1.4 percent at 44,500 yen, increasing its market capitalisation to 6.30 trillion yen ($51 billion). That compares with Matsushita […]

Happy_monopolyReuters reports today that Nintendo's market capitalization -- the sum total of all outstanding shares of stock -- has surpassed Japanese electronics firm Matsushita (aka Panasonic) and is closing in on Sony:

Nintendo shares closed up 1.4 percent at 44,500 yen, increasing its market capitalisation to 6.30 trillion yen ($51 billion).

That compares with Matsushita Electric Industrial Co. Ltd.'s 6.23
trillion yen and 6.64 trillion yen for Sony -- the world's largest and second-largest consumer electronics makers, each having sales more than eight times as big as Nintendo's.

Mitsushige Akino of Ichiyoshi Investment Management said that Nintendo's market capitalization is "bound to overtake Sony."

Reuters points out that Sony's market capitalization has actually gained 72% over the last two years, outperforming the Nikkei average. But Nintendo's market cap rose by over 400% in the same period.
Nintendo closes in on Sony in market value [Reuters]