Nintendo surpasses Sony in market value
Nintendo's market value in Japan has passed Sony's for the first time. After a 1.9% rise for Nintendo on Monday and 0.9% drop for Sony, the maker of the Wii has a market cap 6.56 trillion yen ($53 billion). Sony is now valued at 6.51 trillion yen ($52.5 billion).
What's particularly amazing is that while Nintendo is involved almost exclusively in video games, Sony has five business segments, and is involved in pretty much every area of consumer electronics. The market is placing a much, much higher value on Nintendo's game business than it is on Sony's.
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