Nintendo Rocking Japanese Stock Market
Despite its absence at last week's Tokyo Game Show, this week Nintendo became the second most valuable active stock on the Tokyo Stock Exchange, Reuters reports. With a market cap of $72.8 billion, the company is second only to Toyota's $208 billion market value.
A technicality could be responsible for Nintendo's high placement as well, as trading of the potentially more valuable Mitsubishi UFJ Financial Group was suspended this week in preparation for a planned split of the stock. Regardless, Nintendo recently reclaimed its long-absent top spot in the console race, with worldwide Wii sales of 9 million consoles.
In comparison, Microsoft's second-place Xbox 360 sold 8.9 million units worldwide as of July, with a one year head start on Nintendo's console. Nintendo's stock has quadrupled over the past two years following the wildfire sales of the DS and Wii, the Reuters story reports.
"Don't they usually have their own expo around the time of the TGS?"12 Comments
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