Print 36 comment(s) - last by grenableu.. on Aug 23 at 9:55 AM

The Nintendo Wii standing tall  (Source: NOA)
Videogame maker Nintendo is now bigger than Honda Motor Company

The runaway successes of Nintendo, with its latest home console and handheld systems, have boosted the videogame maker to become Japan’s fifth largest company by market value.

Nintendo’s market value stood on Thursday at 8.69 trillion yen ($72 billion), making it bigger than even the NTT telephone company and Honda Motor, according to Reuters.

In late June, Nintendo overtook Sony in market share as the company became one of the 10 most valuable companies in Japan.

Upon the report of the company’s earnings on Wednesday, stock of Nintendo rose 3.5 percent, followed on Thursday by another 8.1 percent climb to 614,000 yen.

Both the Nintendo Wii and DS Lite remain hot sellers despite the length of time since launch. NPD Group numbers that track the sales of all videogame consoles consistently show both Nintendo products at the top of the charts.

Last month, the Nintendo DS was the highest selling videogames machine with 561,900 units sold. The Wii followed closely behind with 381,800 units, making it the best-selling home console for the month.

With no dip in demand in sight, Nintendo is boosting its sales forecasts for the current business year. It intends to sell 16.5 million Wii consoles this year, while also moving 26 million DS Lite units. Both numbers represent an 18 percent boost over previous expectations.

Nintendo also raised its operating profit forecast by 37 percent to 370 billion yen ($3.1 billion) for the fiscal year.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: The really interesting thing
By therealnickdanger on 7/27/2007 9:34:09 AM , Rating: 2
Nintendo has never been anything but profitable, it's the only thing they do better than making games. What in their great history is considered "dropping the ball"? Power Glove? Virtual Boy? The N64 and GC may not have been #1 sellers, but they were always profitable.

RE: The really interesting thing
By omnicronx on 7/27/07, Rating: 0
By Rookierookie on 7/27/2007 10:09:20 AM , Rating: 2
Struggle, when you have an absolute monopoly over the handheld market? That's really stretching it a little.

And the Gamecube isn't so much a failure in Japan.

RE: The really interesting thing
By Whiskyboy on 7/27/2007 11:17:00 AM , Rating: 4
There are few problems with your statement:

First - Nintendo's sales of the GC were disappointing, but they weren't selling the console at a loss like their competitors so profitability was never a problem.

Second - The "Struggle" you talk about was probably what you read about. The PS2 did trounce the GC at 120 million units, but the GC only lagged 3 million units behind the Xbox - which was not considered a failure - but was solid at a PROFIT rather than a LOSS.

Third - Every iteration of the Gameboy, including the GBA/GBA SP, has trounced the competition. To be more specific, the GBA is the best selling handhold console of all time at 80 million units and the third best selling console of all time.

Your concept of struggle must mean "not enough GTA games".

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
Related Articles

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki