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RSS FeedsNintendo Switch Helps Company Surpasses Sony In Market Cap
(GameSpot PC News)

 
 

26 june 2017 00:50:36

 
Nintendo Switch Helps Company Surpasses Sony In Market Cap
(GameSpot PC News)
 


Thanks in part to the success of the Nintendo Switch, Nintendo`s market capitalisation--that is, how much the company is worth on the stock market--has surpassed that of Sony`s.As Nikkei reports, Nintendo`s market cap reached 5.44 trillion yen on Friday, which comes out to $48.9 billion. By comparison, Sony`s market cap as of Friday was $48.5 billion. This is not the first time Nintendo`s market cap has passed Sony`s, as that happened 11 months ago and also a decade ago, fueled by the popularity of the Wii. Nintendo also passed Sony`s market cap 10 years ago, driven by the success of Wii. Quite literally 10 yearshttps://t.co/uQm85XN8qa https://t.co/fVjObcdDhO — Daniel Ahmad (@ZhugeEX) June 24, 2017Last week, Nintendo apologised for Switch shortages and promised to increase the amount of Switch consoles available--at least in Japan. `For autumn and beyond, we will continue to work to ensure that as many products as possible can be delivered to our customers towards the end of the year,` Nintendo said.The Switch outsold the Xbox One and PS4 for two months in a row in the United States, but in June the PlayStation 4 came out as the month`s top-selling hardware.Nintendo sold 2.4 million Switch consoles worldwide during its launch month of March 2017, though the company has not announced a new sales figure since. As for Sony, the company recently announced that PS4 sales had passed 60.4 million units sold through the consumers, not just shipped.


 
8 viewsCategory: Entertainment > Games > PC
 
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