In a report published today, Nintendo’s Market value has risen considerably. It is now higher than Sony’s entertainment and electronics divisions.
In a report published by The Hollywood Reporter, the Japanese games giant capital is now at $49.8 billion (5.56 trillion yen). This is just ahead of Sony’s market value which is at $48.6 billion (5.43 trillion yen).
Since Pokemon GO released in 2016, Nintendo’s stock has gone up 160 percent. The market closed on Monday at 39,280 yen which is the highest it has been for Nintendo since 2008.
According to analysts both Nintendo and Sony’s stock prices are expected to grow. This is due to Nintendo focussing on popular brands for both the switch and mobile. Whilst Sony are finding success on the PlayStation VR and television programmes.