Nintendo becomes Japan’s second most valuable company
Nintendo Co Ltd <7974.OS> has surpassed Canon Inc <7751.T> to become Japan’s second most valued company, as Nintendo’s success just keep coming and coming.
The only company in Japan that tops Nintendo is Toyota Motor Corp <7203.T>, a tough one to beat considering that Toyota is the most valuable and profitable automaker in the world at 24 trillion yen of market capitalization.
Nintendo shares were up 2.6% at 58,900 yen in afternoon trade on Tuesday, bringing its market value to 8.34 trillion yen ($72.6 billion), surpassing Canon’s market capitalization of 8.20 trillion yen.
Nintendo’s shares have more than quadrupled(!) over the past two years. A remarkable feat and due to the continued success of the Nintendo DS and the unexpected and runaway continued success of the Nintendo Wii, which has far outsold it’s closest competitor, Sony’s <6758.T> Playstation 3 game console, by a large margin.
Previously Nintendo saw it’s market value overtake Sony’s stock worth so hearing this news must be the icing on the very expensive cake. — Via Neogaf
Did you know the unique PS Vita game Gravity Rush is helmed by the Siren series director? 
