Nintendo catching Sony
Nintendo briefly zipped past Sony in market
capitalization on Monday to become one of Japan’s 10 most valuable
companies
Think back 3 or 4 years ago.
Imagine trying to convince someone that Nintendo was going to catch Sony in
Japan’s stock market.
Phew!
Nintendo briefly zipped past Sony in market capitalization on Monday to become one of Japan’s 10 most valuable companies as it elbows the PlayStation maker out of its decade-long dominance of the game industry.
Nintendo’s Wii game console has outsold Sony’s PlayStation 3 by three to one in Japan and by more than two to one in the United States so far this year, according to game magazine publisher Enterbrain and research firm NPD.
Demand for its DS handheld game players also far outstripped that for Sony’s PlayStation Portable.
Of course, this comes from Sony’s incompetence as much as Nintendo’s shrewdness.
Nintendo briefly zipped past Sony in market capitalization on Monday to become one of Japan’s 10 most valuable companies as it elbows the PlayStation maker out of its decade-long dominance of the game industry.
Nintendo’s Wii game console has outsold Sony’s PlayStation 3 by three to one in Japan and by more than two to one in the United States so far this year, according to game magazine publisher Enterbrain and research firm NPD.
Demand for its DS handheld game players also far outstripped that for Sony’s PlayStation Portable.
Of course, this comes from Sony’s incompetence as much as Nintendo’s shrewdness.
Posted: Mon - June 25, 2007 at 10:52 AM