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176 Comments
- inactive, on 10/11/2007, -8/+140Link DIRECTLY TO THE SOURCE. DO NOT LINK TO A STUPID BLOG. :(
http://www.reuters.com/article/businessNews/idUSTKV00351520070625 - CadetKelly, on 10/11/2007, -5/+122No, the market value listed is for the whole of Sony and the whole of Nintendo. It's determined largely by share prices, so yes, Nintendo is (currently) worth more than the entire Sony company.
- xerus, on 10/11/2007, -13/+99Rumble is a last gen feature.
- AhrenBa, on 10/11/2007, -42/+120Wait, this is just the games devision, right? There is no way Nintendo could be worth more than the entire Sony company...
- FishyJoe, on 10/11/2007, -2/+44It's for the whole company. So theoretically, if you could buy all the shares of each company without making the prices any higher, it would cost more to buy Nintendo than Sony.
- redflame11, on 10/11/2007, -3/+44I'd like to take another posters words and use them "Whoever wrote some of these comments has no idea how the market and business works".
Sony has X amount of shares at a price of Y dollars.
Nintendo has A amount of shares at a price of B dollars.
A companies market cap is determined by multiplying the number of shares by the value of each share. This article, and the forbes/reuters article linked above, state clearly that Nintendo's Market Cap (A*B) is LARGER than Sony's Market Cap(X*Y). This is for the ENTIRE Sony Corporation and Nintendo Ltd.
If someone were to purchase Sony, they would give a price based on their market cap. (Usually 20-30% higher). The same would go for Nintendo.
A market cap is also used to rank the worlds "largest" companies. This would put Nintendo as being larger than the entire entity of Sony Corporation.
Therefore, Nintendo is currently worth more than Sony.
Thanks. - cuoops, on 10/11/2007, -3/+42From Forbes 3/29/07
#164 - Sony - market value - $52.14 billion
#695 - Nintendo - market value - $34 billion
A new story on Forbes says Nintendo is now at $52.9 billion.
Who's #1? It's Citigroup at $247.42 billion
Here's the list - http://www.forbes.com/lists/2007/18/biz_07forbes2000_The-Global-2000_Rank.html - Dreamscar, on 10/11/2007, -11/+49And Phil Harrison still says Sony doesn't have a problem........
- imjustsayin, on 10/11/2007, -9/+38Doesn't really matter what your sales are if you are still losing money. Nintendo makes huge piles of cash and (at this point) Sony is losing huge piles of cash.
- undersky, on 10/11/2007, -0/+21minor correction:
market value is not "largely" determined by share price....share prices are EXACTLY the thing that defines market value. - akimbo, on 10/11/2007, -16/+35I don't know if I am in anyway, representing the general mood of consumers to Sony.
But essentially I have avoided buying any brand associated with Sony, ever since they started looking at their short-term bottom line and stop looking out for the consumer.
They have forgotten the long term goal, which is the going concerns of the company. By forsaking their customers, the customers has forsaken them.
As many have always said,
The Consumer Is Always Right - Alphateam, on 10/11/2007, -0/+15Why does a split matter? If you have 10 shares at $100 each or 20 shares at $50 each its still $1000?
But I'm no stock expert. - TheSolomon, on 10/11/2007, -1/+16It should be noted that Nintendo's lead over Sony did not last the entire day. From the article:
"Nintendo joined global household names such as Toyota Motor Corp., Honda Motor Co., and Canon Inc. on the top-10 list before its shares erased earlier gains and ended the day lower. [...] The Kyoto-based company finished in the 11th place by market value, just above Panasonic maker ***** Electric Industrial Co. and below Sony."
It's certainly noteworthy Nintendo is doing so well, but it will need to hold onto its lead for more than a few hours in a day for me to consider it "officially worth more than" anything. :-) - undersky, on 10/11/2007, -2/+16market capitalization = all outstanding stocks x stock price = $ needed to acquire the company.
since stock price does not always reflect the net worth of a company, due to speculation, market capitalization might not be the most rational measure for the true worth of a company. however, technically the real worth of a company can only be measured by its stock market capitalization. therefore funny things had happened such when apple became bigger than dell
http://www.nytimes.com/2006/01/16/technology/16apple.html?ex=1295067600&en=e2c5c5d24bb1547f&ei=5088&partner=slashdot
and Palm Inc became 100x bigger than its mother company 3M when 3M was an establish corporation and Palm being a new technology IPO.
what happened was like if today xbox offers an IPO and it worths 100x more than the rest of Microsoft combined, in other words, it's like if every division of MSFT (OS, Office, Hardwares...) are making 100x less profit than XBOX, in other words, the whole company becomes a negative liability, since in comparison XBOX is worthy so much more that the rest of the company is a dead weight drag. This was what happened to all those technology companies during the infamous bubble. - darkmule, on 10/11/2007, -6/+19With all of the Sony related issues last year how is this not shocking? Remember all of those exploding batteries and recalled cameras?
- inactive, on 10/11/2007, -2/+15"Who's #1? It's Citigroup at $247.42 billion"
Try rearranging the columns. ExxonMobil is #1 with $410 Billion. - getliquified, on 10/11/2007, -2/+14LMFAO @ "it prints money" picture
- darienphoenix, on 10/11/2007, -1/+12Splitting the shares doesn't change overall market capitalization, it just changes the price for one share. If they, say, doubled the amount of shares in the company, they'd all be worth half as much each, but overall the total value of the company stays the same.
- Mullinator, on 10/11/2007, -1/+11Haha I love how not much more than 2 years ago so many people were saying that Nintendo only had 1 more console left in them before they would switch to being a third party or be bought out by Microsoft or Sony. Incredible how things have changed.
- inactive, on 10/11/2007, -3/+13pipe down fan boy
- flamingmb, on 10/11/2007, -12/+21oh snap.........
- SuperBeast, on 10/11/2007, -1/+8Maybe since they are so rich and partly own the Seattle Mariners, they can drop a couple of million on a good pitcher.
- inactive, on 10/11/2007, -7/+13How would YOU obtain a value for it? Add up the value of the shares for a company, that's the worth.
Please explain your logic, because I don't think you understand what this is about. If you were to buy either company, the only way to do it is to acquire all the shares. You know of another way? - inactive, on 10/11/2007, -3/+9There's an issue here and it's currency conversion. The US dollar is so weak that it fluctuates daily and it makes even the most simple projection like this inaccurate.
Either do it with a more stable currency or pick a standardised rate or something, simply converting to US dollars is wrong. - TheSmiddy, on 10/11/2007, -0/+6Japan is about 17 hours ahead of the US, so thats entirely plausable
- Comanche, on 10/11/2007, -0/+6You know there is more then 1 time zone right? Per this post at 7:53am....its 9:53pm in Japan. Almost Tuesday.
- SkippyDoorknob, on 10/11/2007, -1/+7The reason you'll get burried is because you are wrong. The comparison is with the entire Sony corporation, not jus the games division.
- triplehelix, on 10/11/2007, -3/+8silly diggers, sony sells a LOT more then just consoles.
- Mescaline, on 10/11/2007, -5/+10that's the sound of a camel's back breaking
- hockey, on 10/11/2007, -3/+7After reading the article I'm burying this as inaccurate.
FTA:
"Nintendo joined global household names such as Toyota Motor Corp., Honda Motor Co. and Canon Inc. on the top-10 list before its shares erased earlier gains and ended the day lower.
The Kyoto-based company finished in the 11th place by market value, just above Panasonic maker ***** Electric Industrial Co. and below Sony"
It's true they overtook Sony in value but it only lasted for a few hours. The submitter and the blog spam make it look like Nintendo is firmly more valuable than Sony which simply isn't true. - ldkronos, on 10/11/2007, -5/+9Sorry, but you are very wrong. Please learn the difference between stock price and market capitalization
Microsoft: $282.13 billion
Apple: $106.39 billion - EgoDemens, on 10/11/2007, -0/+4I have a Virtual Boy and enjoy it. Are you tying to imply that it was a bad product? Or are you saying that the PS3 is as much a market failure as the Virtual Boy was? If the latter, then I'll agree and say that I look forward to picking one up when they pile them in the middle of the store for $35 apiece.
- deepmenace, on 10/11/2007, -4/+8lol, what a load of old tripe. i buy products that i like, suit my needs and that get well reviewed by people and websites that i trust.
it's only a bloody console, it sounds like you're investing your life savings in something. - darienphoenix, on 10/11/2007, -1/+5Take one share worth $10, split it into two shares both worth $5. Total market capitalization: $10.
Splits don't make a difference. - Bossman1086, on 10/11/2007, -3/+7Why couldn't Nintendo be worth more than Sony? I mean, yeah, it's a tiny bit surprising, but Nintendo does more than just video games, too. They're a pretty big telecommunications company in Japan. Plus, they have all that Pokemon merch and such, too.
- DisposableRob, on 10/11/2007, -5/+9"I don't see how they are "forsaking their customers"."
CD Rootkits, exploding laptop batteries, the shoddy quality of the original PS1s & PS2s, trying to push new proprietary media every few months while ignoring the popularly supported media (their digital music devices that didn't support MP3 for example). They've been coasting on a brand name for years. In almost every branch of their company you can get a better quality product from a competitor for a cheaper price. Sony's name has stood for crap for quite awhile, it just took the uninformed consumer awhile to catch up and realize it. - darienphoenix, on 10/11/2007, -5/+9599 US dollars. Rumble is a last-gen feature. Work more hours. PSP will bring handheld gaming out of the gaming ghetto. It's not a defect, it's a feature. Real-time weapon change. MASSIVE DAMAGE. We're not interested in gimmicks like the Wii, but here's some motion control anyway. In response to poor PS3 sales: "the Playstation brand is still going strong" (i.e. using the PS2 as a crutch). Piss-poor online. 599 US Dollars.
- LembasBread, on 10/11/2007, -1/+5In unrelated news, Carrot Top is now the CEO of Sony Inc.
- aaronm67, on 10/11/2007, -0/+3http://finance.yahoo.com/q/bc?s=USDEUR=X&t=3m
http://finance.yahoo.com/q/bc?s=USDJPY=X&t=3m&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=EURJPY=X&t=3m&l=on&z=m&q=l&c=
Basically, you shouldn't just spout random *****. The dollar has been going down, but it doesn't fluctuate daily, any more then the euro/yen fluctuate daily, and the dollar has been as "stable" as the Euro or the Yen lately. - mustbepatient, on 10/11/2007, -1/+4Of course, with Sony's significant debt load, it would cost a buyer more to own Sony than Nintendo...
- livevil, on 10/11/2007, -0/+3Thats minor when you consider where Sony is in the technology industry.
- staticneuron, on 10/11/2007, -1/+4Where is the love? Sony wasn't the only company that had the battary recall that same year they happened to be the most publicized (thanks to fanboys) So everything gets blown out of proportion for most people. Like the amount of users that were actually affected by rootkit. BS claim about PS1 and PS2's quality (neither one had a failure rate near 30%). It is stupid to think that they "should" support open media instead of their own... MS should have had netscape installed with every copy of windows huh? with an additional disc to chose linux?
BS call. Sony's Bravia line is dominating the market and is praised for quality. Their cybershot line is second only to cannon's. I could go on but it would be a waste of breath to dispell BS that is pulled out of thin air. - TheGreatTK, on 10/11/2007, -0/+3Share prices be damned, this is still BIG BIG news. I mean, *****, what does sony make? Televisions, cd players, a lot of high end stuff that nintendo doesn't even dream about. And then they re-enter the gaming arena with a "screw the consumer" attitude and they get the serving they rightfully deserve.
O lawd, i think my fanboy is showing. - celkin, on 10/11/2007, -0/+3because a few years back, all they had was the GameCube, which sold poorly.
- Myonosken, on 10/11/2007, -5/+8Not only are Sony's sales nowhere NEAR 10x that of Nintendo's, it doesn't really matter. Everyone console Sony sells, it loses money, so selling 10 times that of Nintendo still means it's losing ***** loads of money, not gaining.
- orph3us, on 10/11/2007, -0/+3throne, not thrown :P
- misshapes, on 10/11/2007, -0/+3Nintendo closed down 0.8 percent at 45,100 yen, bringing down its market value to 6.39 trillion yen, a touch below Sony's 6.48 trillion yen.
http://news.yahoo.com/s/nm/20070625/tc_nm/nintendo_sony_dc - jdavid, on 10/11/2007, -3/+6ummm, Nintendo has reported major profit growth over the last few years. their stock price is not hype. for sony spiderman 3 is the only thing bring in bank, ps3, and blu-ray are both loss leaders right now, and ps2 sales will start to fall off soon enough.
- miguel077, on 10/11/2007, -0/+3I hope you are not trying to be sarcastic.
- triplehelix, on 10/11/2007, -0/+3exactly imj, so why don't we look at the rest of sony, like the tv sales, the movie sales, ect...
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