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GREAT NEWS for Nintendo Switch, but should Sony PS4 fans be worried?

11 October 2017 2:48 PM
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GREAT NEWS for Nintendo Switch, but should Sony PS4 fans be worried?

This is according to industry analyst Serkan Toto, who notes that Sony's valuation on current market capitalisation stands at US$46.3 billion.Nintendo: US$54.6 billion.

But Nintendo's valuation has surpassed the company and is now sitting at an incredible US $54.6 billion.

The long and short of this data boils down to one very simple fact: Nintendo is now worth more than Sony (that's every arm of the company - including the videogame arm, the home entertainment arm, the movie production portion and so on).

Nintendo already hit a 9-year high with its share price earlier this year, and this information just goes to show that the company's gamble with mobile games and the hybrid Switch console is paying off.

Nintendo's share price has been rising steadily since the release of its newest console, and investors are showing renewed confidence in the company after a few years of speculation damaged the company's value.

The company was originally set up on September 23rd in 1889, and was originally a playing card company based out of Kyoto.

Originally, Nintendo was founded to produce handmade hanafuda playing cards, and interestingly enough, that's an area of business that Nintendo is still involved with today.

Source: dailystar.co.uk

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