Following Pokemon Go fever, Nintendo's market value has surpassed Sony's0 Comments
Pokémon Go, the immensely-popular augmented reality game that's become a worldwide phenomenon, has been a considerable success for developer Niantic Labs, The Pokemon Company, and specifically Nintendo. The Big N has seen a tremendous increase in its market value, and news recently broke that Nintendo's market value has just surpassed Sony's.
According to Bloomberg, Nintendo's value peaked on Tuesday, hitting a not at all insignificant sum of $39.8 billion. For reference, Sony's market value is holding out right at $38.34 billion. Bloomberg was even nice enough to provide the vital statistics for this increase of value in a conveniently-digestible graph.
Due almost entirely to Pokémon Go, Nintendo has also had the good fortune of becoming the most traded company (gauged by the overall value of shares traded) this century within Japan. That's quite the feat, especially considering that Pokémon Go hasn't yet released in Japan.
There are more than likely a few well-earned smiles being shot around Nintendo and Niantic offices right now. This is a major success for a company that only just recently broke into the mobile market. All this also spells good news for the Nintendo's mysterious NX console, assuming the rumors of mobile device influences on their next console are true.
Nintendo Now Worth More Than Sony Following Pokemon Go Craze, GameSpot