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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.

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RE: meh
By StillPimpin on 7/27/2007 11:36:32 AM , Rating: 2
Absolutely! As of now, the next next-gen war is Nintendo's to loose. Yeah that's a pretty big statement I know but, Lets look at a few things.

First of all, the Wii is selling extremely well right now and I don't see a significant slow down coming until maybe 2009. Some would make the argument that it is selling to little kids and grandparents. Not so where I live. I can walk into any gaming store any time of the day or week and there will be at least one "core" gamer asking if there are anymore Wii's in stock. And the usual reply is, "man you should be here when we get our next delivery, because if your not, we'll be sold out within 20 min." So it's doing well with core gamers.

Second is their games library. If you look at any games sales chart, about half of the top 10 selling games will be for a Nintendo platform. Game developers notice these things. So what will happen, more developers will jump on the Wii bandwagon because they know that it is a viable platform that people buy games for. this increases the games library and makes the system even more attractive.

Third, the Wiimote. If you haven't used it yet, go to a friend’s house and play at lease one game. If you have used the Wiimote... Nuff said.

So here is Nintendo's formula for continued domination of the current and next-gen console wars:

Improved Wiimote functionality/accessories + HD game play - HD movie capability + continually increasing games library + continued low pricing = WORLD DOMINATION!!!

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