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Print 22 comment(s) - last by elpresidente20.. on Jul 20 at 2:31 AM

Nintendo continues to surprise analysts with the success of the Wii and DS game platforms

Nintendo recently overtook Sony in market share as the company became one of the 10 most valuable companies in Japan.  The Nintendo Wii continues to consistently outsell the PlayStation 3 in all markets, even though Sony has eight times more revenue power.  

"Nintendo's strength is its ability to create a new market," said Takeshi Koyama, Mizuho Securities Co. analyst.

Nintendo sold 338,000 Wii consoles on the U.S. market in May, compared to just 81,600 PlayStation 3 consoles sold by Sony.  Microsoft sold 154,900 game consoles in the same time period.  To help further boost U.S. sales in the future, Nintendo announced plans to relocate its U.S. marketing and public relations sector to Silicon Valley and New York.

So far this year, the Wii outsold the PS3 2 to 1 on the U.S. market and 3 to 1 in Japan, according to NPD and Enterbrain.

Sony hopes to boost PlayStation 3 interest by promising at least 380 new PS3 titles this fiscal year -- boosting the game catalog to at least 500 titles.  Along with the higher price tag than the Wii, a lack of appealing games is another reason cited for poor PS3 sales.

"We want to meet market expectations with expansion of our DS and Wii sales," said Ken Toyoda, Nintendo spokesman.

Joining the top 10 valuable lists catapults Nintendo into the ranks of companies such as Toyota, Honda and Canon.



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How the hell is this news?
By afkrotch on 6/27/2007 4:40:17 AM , Rating: 2
Seriously, how the hell is this news? The PS3 and Wii aren't even targeted at the same market. Nintendo has said it constantly themselves. Just like how Microsoft doesn't even picture the Wii as competition. Simply cause they aren't.

The Wii definitely isn't a replacement for the Xbox 360 or PS3. It's a perfect complement.

Just like someone else also said, market value is not market share. Like how Apple has higher market value than Dell. The smaller a company, the more the company can grow. The more appealing it is to investors, raising it's market value.




RE: How the hell is this news?
By Samus on 6/27/2007 5:33:50 AM , Rating: 2
I agree dude, one console isn't taking sales from people who would buy the other one. I don't know anyone who owns a Wii and a PS3. We're talking entirely different experience.

Completely tired of hearing about this. Yay Nintendo, but move on.


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