www.bloomberg.com/apps/news?pid=20601080&sid=aiHxiNtvjQyI
Nintendo Tops Sony's Market Value as Wii Outsells PS3 (Update1)
By Hiroshi Suzuki
June 25 (Bloomberg) -- Nintendo Co., the world's largest maker of handheld game players, surpassed Sony Corp. in market value as its Wii home console outsells the rival PlayStation 3.
Shares of Nintendo, based in Kyoto, western Japan, rose 1.8 percent to 46,250 yen as of 10:33 a.m. on the Osaka Securities Exchange, valuing the company at 6.55 trillion yen ($53 billion). Sony stock fell 0.8 percent to 6,500 yen, giving the Tokyo-based company a value of 6.51 trillion yen.
Sony, which overtook Nintendo as the world's biggest console maker after PlayStation 2's introduction in 2000, suffered production delays with the release of its latest player. Wii's lower price, simple games and a wand-like controller that players swing like a sword or tennis racquet have helped Nintendo outsell the PlayStation 3 by five to one since the debut in November.
Sony last month sold 81,600 PlayStation 3 units in the U.S., the world's largest video-game market, while Nintendo sold 338,000, according to data compiled by NPD Group Inc. Microsoft Corp. sold 154,900 of its Xbox 360 machines.
Nintendo, also the maker of DS handheld player, may exceed Sony in sales this year. Nintendo posted revenue of 966.5 billion yen in the year ended March 2007, and forecast 1.14 trillion yen this business year.
Sony reported 1.02 trillion yen in sales at the game business in the past fiscal year. The company didn't disclose a sales forecast for the unit. Sony plans to more than double its software lineup to more than 200 titles worldwide and increase the number of downloadable games this fiscal year to boost sales.
Oh my...
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Nintendo, also the maker of DS handheld player, may exceed Sony in sales this year.
They haven't done so yet... Although that said, this is still pretty shocking. With Sony's multiple divisions (Music, Movies, Hardware, Games) you'd think they'd dominate...
Schick. Go Ninty. Now's the time. Merge with Sega! *backhanded*
I would like to take back my "Haven't done so yet"...
The source I read was from earlier this week...
Why would this be of concern to anyone who does not own stock in either Nintendo or Sony?
Rooting for a company is kind of pointless.
Hahah come on man. It's all about pride. All those friends you had that talked down on you for having an N64 instead of a PSX. Or those punks that laughed at you for getting a DS instead of a PSP. You know, you know.
If it means a lower price for the PS3 so Sony can sell more, I'll be happy. At least a 100 dollars off. By then I could knock it down to 400 or less with a bunch of trade ins.
Hahha yea that's true as well Torn. I'm looking to invest in a PS3 in the next 4 or 5 years. A price drop would be a substantial help.
...Uh, guys, you weren't actually surprised by this, were you?
Y'know, what with a new "This is why Sony must be boycotted and the Wii is the best thing ever" news post twice a week?
I don't own stock in Sony, so this doesn't matter at all to me.
SX go pop a bag of popcorn, please.. 
How do those posts have anything to do with actual facts anyway?
I think we are... SX, Sony sells a bigger variety of items compared to Nintendo. That's what's shocking.
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I don't own stock in Sony, so this doesn't matter at all to me.
Bet this news matters to shareholders who also publishes games though.
And yeah, it's shocking in how fast a much smaller company like Nintendo managed overpowered Sony in market value.
Sony's stock has still risen this year.
Just not as much.
Yawn. Sony is selling more stuff at the moment so no crap there value is higher. You don't need a degree in economics to figure that one out.
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Sony is selling more stuff at the moment so no crap there value is higher.
Yeah, see is what usually is the case. But had you read the article, you, like anyone with a basic understanding of english, would see that Nintendo, who sells less products, has a higher value...
(as an aside, that "basic understanding" isn't an insult at Trans, but rather a dig at his "you don't need a degree" blurb)
Sony is selling PS3s at a loss, while Nintendo is selling greater quantities of Wiis at a profit. +profit = +stocks
[edited]
>_>
