Nintendo’s Market Value Now Higher Than Sony
Posted on Thursday, January 9 @ 04:38:36 Eastern by Alex_Osborn
Nintendo's market value has seen a significant boost, now surpassing the value of Sony. According to the business markets, the current total value of all Sony's shares is $17.7 billion, while Nintendo sits happily at $18.4 billion.
Despite the fact that Wii U has been struggling, the Big N's stock has more than doubled over the past two months. This can likely be attributed to the continued success of 3DS as well as the recent announcement that China is lifting its ban on home consoles. In addition, investor rumors suggest that Nintendo will be making some significant changes to its business model, but I'll believe that when I see it.
On the other hand, Sony is a much larger company, with many different branches, so poor performance in the movie and music space, as well with its laptop line, have been a major reason the company isn't doing quite as well. That said, PlayStation 4 seems to be off to an incredible start, so perhaps the gaming division will be able to carry the company's weaker areas.
Standing high atop the competition is Microsoft, with a market value of $304 billion. Of course, the Big M is a huge company, with its gaming division making up a very small sliver of the entire company.
What sort of fortune will 2014 bring to gaming's major players? Pull out your crystal ball and let us know in the comments below.
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