Switch pushes Nintendo’s market cap past Sony
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The Nintendo Switch is doing wonders for Nintendo, not just in terms of volume of sales but it’s helping Nintendo’s stock price and overall market value to boost to the highest it’s been since 2008.
This puts Nintendo’s market capitalisation now over Sony’s, all of Sony as well – including their electronics, movies, music and TV markets.
Nintendo’s share price has continuously risen since the Switch was launched in March, recent news of Nintendo boosting shipments for later in the year helping out as well.
We’ll find out how Nintendo is doing later this week when their financial results are released.
Source: Nikkei
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