Nintendo shares soars 4.6 percent thanks to the Wii games console and the DS handheld
October 15, 2007 By Peter
Filed under Business, Gaming, News, Nintendo DS, Nintendo Wii


Nintendo Co Ltd market value has now topped 10 trillion yen, that’s $85 billion and are now up there with some of the other Japanese elite companies such as Toyota the world’s largest automaker and Mitsubishi UFJ, Japan’s largest bank. Nintendo’s shares have soared up another 4.6 percent, and the reason why the company is doing so well is by the blistering sales of both the Nintendo Games Console, and also the DS handheld system.
Nintendo’s market value of 10 trillion yen is small in scale to the likes of Toyota, as their market value is a massive 23 trillion. However if you look at Nintendo’s market value is about 80 percent than rival Sony Corp, but you have to remember that Sony’s total is over eight times larger than Nintendo’s.
Sony had hoped that their new PS3 games console would have helped boost their market value, but it has yet to do so, where Nintendo has seen great success with the DS and the Wii, and news that the Japanese games company is to sell the home fitness game Wii Fit on the 1st December in Japan has also helped to boast sales of the most popular games console at the moment.
Get the latest news in our RSS Feed, Newsletter or follow us on Twitter.


Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!