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.Leave a Comment