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Update:

Link: http://asia.nikkei.com/Markets/Tokyo-Market/Switch-catapults-Nintendo-s-market-cap-past-Sony-s

Nintendo 's market capitalization hit 5.44 trillion yen ($48.9 billion) on Friday, surpassing Sony's for the first time in 11 months, as the soaring popularity of its Switch console drew investors to the game developer's stock.
The Kyoto-based company's market cap reached the highest since October 2008.

Investors rushed to buy after the company said Thursday that it will ramp up shipments of the Switch in July and August amid a shortage.
While the game developer initially planned to sell 10 million Switch consoles in the year ending March 2018, investors are "widely anticipating production to exceed plans," says Masahiro Ono of Morgan Stanley MUFG Securities.

Analysts expect Nintendo to book a net profit of 93.1 billion yen -- double the company's own projections -- for the current fiscal year ending in March. Some suspect the stock is overheating as the company's forward price-earnings ratio climbs past 100.

Original:

Today (23rd of June, 2017) on the Tokyo Stock Exchange, Nintendo has now hit a Market Cap of ¥5.45T(~$49B), compared to Sony Corp with a market cap of ¥5.40T(~$48.5B)

Some Trivia:

- Earlier in June when Nintendo hit the ¥5T ($45.2B) Market Cap, that was the first time in eight years and five months.

- It is now one of the top 15 companies by Market Cap on the Tokyo Stock Exchange ahead of companies like the Mizuho Financial Group and Nissan Motors.

- Nintendo's market cap once reached 10 trillion yen in 2007 amid the initial success of the Wii console, only to later sink back to 1 trillion yen.

Source for all the above trivia: http://asia.nikkei.com/Markets/Equities/Nintendo-market-cap-hits-5tn-yen

Last time Nintendo valued more than Sony was last year's Pokémon Go craze. That lasted only a day. - Takashi Mochizuki

- I could not find a historical market cap for Sony but their highest(?) peak in share price was ¥31,000 on March 3rd, 2000. (I can't find how many outstanding shares they had at that time.)

- Not related to Market Cap but Nintendo has between 5,000-6,000 employees while Sony has 146,300.

Apple, Alphabet and Microsoft are still giants in comparison with Apple having almost $800 billion in Market Capitalization.

 

[hatchx]

I feel really happy about buying Nintendo stock late last year. The gains will cover any gaming expense I'd have all year and then some.

 

[meirl]

deserved.

 

[Occam]

That's ridiculous, of course.

 

[mothball]

The Switch has made it.

 

[Grim Patron]

Cross play effect

 

[KingBroly]

That's ridiculous, of course.

They've done it before, and they can do it again

 

[Renekton]

Cross play effect

You keep spamming threads with this 😗

 

[EBE]

the ball is in sony's court now
microsoft deserves more flak for letting this happen.

 

[whitemex88]

We're never getting 3rd party Nintendo 😢

Spoiler

/s

 

[Mysterious]

the ball is in sony's court now
microsoft deserves more flak for letting this happen.

what???

 

[Occam]

Shows how undervalued Sony is.

 

[Sir_Crocodile]

We're never getting 3rd party Nintendo 😢

good. it would change them like it did sega.

you should never want this.

 

[Champion]

the ball is in sony's court now
microsoft deserves more flak for letting this happen.

 

[LotusHD]

We're never getting 3rd party Nintendo ��

3rd party Sony, let's goooo lmao

 

[timetokill]

makes sense

We're never getting 3rd party Nintendo 😢

thank god

 

[Machina]

How is this even possible with 60 million PS4's sold?

Sony seriously need to clean up the other arms of their business, and by clean up I mean cut them adrift

 

[Jarod McChicken]

That's really cool. It's interesting that a video game only company managed to make more than one that does movies, games, music and all kinds of hardware.

I get what you mean but they do not "make more" though, market cap is something else, I believe it's the perceived value of the company's shares.

In terms of operating income for example, last fiscal year was 288,7 billion yen for Sony Corp (135,6 billion yen for PlayStation) and 29,3 billion yen for Nintendo.

 

[nubbe]

the Metroid effect

investors are excited about Prime 4

 

[Dark Cloud]

That's ridiculous, of course.

the ball is in sony's court now
microsoft deserves more flak for letting this happen.

We're never getting 3rd party Nintendo 😢

Spoiler

/s

Some interesting quotes. The last one before the spoiler lol.

 

[SinCityAssassin]

Here we go again.

Spoiler

At least it's not supported by a temporary boom.

 

[TDLink]

Shows how undervalued Sony is.

More like how in trouble Sony is. This is pretty embarrassing for them. Nintendo is a company dedicated to only one industry, while Sony has its hands in many. They're a big multinational corporation. Their games division is of course doing the best, but it's real bad indicator for them as a company in general. Sadly it's only another notch on several major negative signs that the company is floundering in the last decade.

 

[bigjig]

That's really cool. It's interesting that a video game only company managed to make more than one that does movies, games, music and all kinds of hardware.

Sony makes many times what Nintendo does. Market cap doesn't mean revenue.

 

[Daphnes Nohansen Hyrule]

Sony relies way too much in third parties, maybe that's why?

 

[darkwing]

can Nintendo buy Sony now?

 

[Cerium]

Give us crossplay Sony.

Tear down this wall.

 

[Permanently A]

The success of the switch is truly incredible. It really doesn't make sense to me.

 

[MilkyJoe]

the ball is in sony's court now
microsoft deserves more flak for letting this happen.

This is one of the greatest warrior posts of all time.

 

[nubbe]

can Nintendo buy Sony now?

Sony is toxic as hell
You only want to cut out parts... not the entire enterprise

 

[Machina]

The success of the switch is truly incredible. It really doesn't make sense to me.

 

[WeirdoStalkerJr]

Yayyyy go Nintendo! Now buy Sony!

 

[Nocturno999]

From doomed to Return of the King?

 

[Kanann]

Still can grow more tho, olympic and world and something.

 

[D.Lo]

Every sign of the Switch being the new Wii keeps rolling by.

And hopefully, with no HD transition to handle and a combined development ecosystem, this time it won't collapse in year six due to losing focus.

Iwata vindicated again.

 

[Terbinator]

How is this even possible with 60 million PS4's sold?

Sony seriously need to clean up the other arms of their business, and by clean up I mean cut them adrift

This already happened, didn't it? I thought they were just finance, PlayStation and cameras now w/ their other arms being spun off or shutdown (Vaio).

 

[Champion]

Their games division is of course doing the best, but it's real bad indicator for them as a company in general.

Financial Services is where they make the majority of their $$$ unless something has drastically changed.

 

[vpance]

Shows how undervalued Sony is.

Stock market loves video game companies. Just completely sky high valuations.

I guess Sony should stop doing so much. So little reward for so much effort.

 

[sinonobu]

Still can grow more tho, olympic and world and something.

2020 is going to be huuuge for Nintendo

 

[CharminUltra]

So they Switch-ed places?

 

[Machina]

This already happened, didn't it? I thought they were just finance, PlayStation and cameras now w/ their other arms being spun off or shutdown (Vaio).

They're still making TV's that nobody buys IIRC, and it's quite frankly remarkable that they can still be the tip of the spear in the likes of console VR when they're struggling so badly

 

[Dynomutt]

I'm absolutely astonished at some of the posts in this thread lol. Definitely a video game enthusiast forum and not a business one.

 

[timetokill]

How is this even possible with 60 million PS4's sold?

Sony seriously need to clean up the other arms of their business, and by clean up I mean cut them adrift

Nintendo owns more valuable IP and is leveraging it far better than Sony is

 

[Zalman]

How is this even possible with 60 million PS4's sold?

Well... There are nearly 70 million 3DS units out there too.

 

[Danny Dudekisser]

I think it's more a reflection of how poorly Sony is doing than anything else, but hey -- good for Nintendo. They finally figured it out.

 

[VARIA]

Nintendo also tops Nissan Motor and Takeda Pharmaceutical while just trailing Sony and Canon.

Wait, so they're trailing Sony but worth more?

Excuse my ignorance.

 

[darkwing]

I see this as a disaster for Sony, their investors will not be happy triggering further loses

 

[Toki767]

I'm curious how much PlayStation would be worth if they were a separate company.

Or Sony with just their video game and camera business as those seem to be the most profitable.

 

[UziTheBeast]

They're still making TV's that nobody buys IIRC, and it's quite frankly remarkable that they can still be the tip of the spear in the likes of console VR when they're struggling so badly

Which is sad because a Sony TV is amazing most of the times.

 

[Machina]

Well... There are nearly 70 million 3DS units out there too.

The 3DS and PS4 are in no way comparable. One is significantly more lucrative than the other, and if that isn't the case that's a big problem

 

[Real_Madrid]

I see this as a disaster for Sony, their investors will not be happy triggering further loses

Kaz is doing a good job and Sony is pretty healthy, at least when they get the movie division in line or just sell it. It's more or less the same with the smartphone division.