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