Today, Nintendo has surpassed Sony in terms of its current market capitalization on the stock market.
According to industry analyst Serkan Toto, the current market capitalization of Sony currently stands at USD46.3 billion. Nintendo’s market capitalization is 9 billion dollars higher than Sony, at USD54.6 billion.
With a higher market capitalization, this means Nintendo is now worth more than Sony (which includes all of its divisions including gaming) on the stock market. Market capitalization is the total value of a company’s outstanding shares.
This piece of good news comes after Nintendo saw its share price hit a 9 year high. Nintendo’s share price has been increasing rapidly since the release of Nintendo Switch, showing that investors have confidence in the company’s products, long term strategy, and their profitability.