Nintendo surpasses 10 trillion yen ($85 billion) in market..

TOKYO (Reuters) - Nintendo Co Ltd surpassed 10 trillion yen ($85
billion) in market value on Monday, joining Toyota Motor Corp and
Mitsubishi UFJ Financial Group as one of the bluest of Japanese blue-
chip stocks.

Toyota is the world's most valuable automaker and Mitsubishi UFJ is
Japan's largest bank.

Nintendo shares have soared more than fivefold over the past two
years, driven by blistering demand for the DS handheld player and the
Wii game console.

Shares in the videogame maker rose 4.6 percent to 70,800 yen as of
0434 GMT, bringing its market capitalization to 10.03 trillion yen, on
expectations the DS and Wii will lead rival game gear in the coming
year-end shopping season.

Although Nintendo's market cap is still less than half that of
Toyota's 23 trillion yen, it is 80 percent higher than that of rival
Sony Corp, whose total revenue is more than eight times as big as
Nintendo's.

Kyoto-based Nintendo offers easy-to-play but innovative games to
expand the game population beyond core gamers, who are often young
males, helping the Wii and DS outsell Sony's rival machines --
PlayStation 3 and PlayStation Portable.


http://www.reuters.com/article/businessNews/idUSTKB00289220071015

"AirRaid" <airraid1400 RemoveThis @gmail.com> wrote in message
news:1192478138.473418.264310@e9g2000prf.googlegroups.com...
> TOKYO (Reuters) - Nintendo Co Ltd surpassed 10 trillion yen ($85
> billion) in market value on Monday, joining Toyota Motor Corp and
> Mitsubishi UFJ Financial Group as one of the bluest of Japanese blue-
> chip stocks.
>
> Toyota is the world's most valuable automaker and Mitsubishi UFJ is
> Japan's largest bank.
>
> Nintendo shares have soared more than fivefold over the past two
> years, driven by blistering demand for the DS handheld player and the
> Wii game console.
>
> Shares in the videogame maker rose 4.6 percent to 70,800 yen as of
> 0434 GMT, bringing its market capitalization to 10.03 trillion yen, on
> expectations the DS and Wii will lead rival game gear in the coming
> year-end shopping season.
>
> Although Nintendo's market cap is still less than half that of
> Toyota's 23 trillion yen, it is 80 percent higher than that of rival
> Sony Corp, whose total revenue is more than eight times as big as
> Nintendo's.
>
> Kyoto-based Nintendo offers easy-to-play but innovative games to
> expand the game population beyond core gamers, who are often young
> males, helping the Wii and DS outsell Sony's rival machines --
> PlayStation 3 and PlayStation Portable.
>
> http://www.reuters.com/article/businessNews/idUSTKB00289220071015


This can't be right. Why, I was assured by many, many people that Nintendo
was on its last legs after the Gamecube and would be forced to get out of
the console business!