Nintendo outdoes Sony, somewhat briefly
Brain Age and Nintendogs loyalists, there’s good news for you. The über-competitive Nintendo has briefly outdone Sony in terms of market capitalization this Monday.
Nintendo has been a great success so far, with its Wii game console outdoing sales of Sony PS3 (and Sony is an undisputable world leader in game consoles, mind you. At least until now) in the past financial year. It sure might not mean Sony’s days are numbered, it just means that Nintendo is here to stay.
The shares of the Kyoto based company, which finished at 11th place in terms of market share, has soared over the same period in which Sony’s shares increased by 66 per cent. Okay, Sony definitely is a household name worldwide, but Nintendo definitely seems to have the potential to outdo it (especially if it keeps up at its current pace).
The future looks great for Nintendo (although the industry is subject to a high degree of volatility, and no players success can be vouched for, for long), with third party software makers going overboard developing software titles for Nintendo’s hardware.
The father of innovative and easy-to-use games, Nintendo’s moves are well- calculated and factor all possibilities of market volatility in the near term.