Nintendo Rocking Japanese Stock Market

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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.

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From The Chatty
  • reply
    September 25, 2007 3:05 PM

    After reading this news post I kinda feel like going back and reading reports and comments from when the Wii was unveiled. :)

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      September 25, 2007 3:15 PM

      Graphics power aside, people were generally very positive about the Wii when it was revealed and just after launch, if I remember correctly. It's only recently that some (including myself TBH) have turned against it a bit due to the lack of the types of games we want to play (which doesn't seem to be harming hardware sales much at all).

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        September 25, 2007 3:24 PM

        Putting Shack aside (can't remember here for sure), I want to recall reading A LOT of posts along the lines "what are they thinking?" and "Nintendo is going to die, like Sega, this generation" and so on.

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          September 25, 2007 3:50 PM

          ya sites like IGN where going insane when they showed the wiimote and the true name. both came with "what where they thinking?" and "3rd party". now they attack games like brain age and wii sports.

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            September 25, 2007 3:56 PM

            I remember lots of people all over the net slagging off the name but the controller excited everyone I can remember. I don't read IGN much though.

            Personally, the name never bothered me and the controller excited me just like everyone else I read or spoke to.

      • reply
        September 25, 2007 6:03 PM

        that is also my major beef with the console

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