Twitter user @ZhugeEX (Daniel Ahmad) shared on his account a graphic of Nintendo’s current stock price. It’s amazing what a difference of five years can do, as the company’s stock is 38,440 yen (about $345.468 according to xe.com).
Nintendo's market cap is now at $49bn as of June 23rd.
Which means it now has a higher market cap than Sony ($48.5bn) pic.twitter.com/CLuyDObYN1
— Daniel Ahmad (@ZhugeEX) June 23, 2017
Due to the Nintendo Switch’s success and the Big N’s first year into mobile gaming (with more to come), it’s no wonder that Nintendo is re-entering a golden age. On top of that, it’s outperforming Sony’s stock by a half billion dollars when it comes to the concept of market cap.
At this rate, Nintendo seems to be going up and up — a trend that’s bound to continue once Switch restocks become more consistent and as more games release.
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Written by Jennifer Burch
Illustrator, designer, writer and big Nintendo geek, you can find Jennifer with an N3DS within reach 24/7. As the oldest of three, she has survived many Mario Party, Super Smash Bros. and Mario Kart sessions intact in addition to getting her brothers hooked on some really weird games. (Cubivore anyone?)
