Nintendo breathing down Sony’s neck
As if Sony doesn’t have enough problems, CEO Howard Stringer now has to worry about seeing Link stick a sword in Sony’s console market dominance.
The market values of the two companies are starting to get closer together:
Reuters are reporting that Nintendo’s market value this gen is close to rivalling that of Sony’s, as consumer demand for the DS and Wii continue to take centre stage.
The report documents that Nintendo’s worth totals in at JPY 6.30 trillion (EUR 37.9 bn), cementing the firm as the second largest consumer electronics provider rivalled only by Sony’s JPY 6.64 trillion.
“Nintendo is a market leader in everything it does now, which is basically the handheld as well as console gaming market,” observed KBC analyst, Hiroshi Kamide.
Watch the fun when Nintendo actually starts getting more Wiis in the pipeline, and third-party developers catch up with games for the Wii.