Post by: WindyMan on July 26, 2007, 02:38:12 PM
http://www.nintendoworldreport.com/newsArt.cfm?artid=14102
After Nintendo released its Q2 financial statement, its stock price went up 3.5%. After it became known that Nintendo Co., Ltd. has become the fifth largest corporation in Japan, it went up another 8.8%. It could have climbed higher than that, if not for reaching the daily increase limit the Osaka Stock Exchange imposes.
The total market value of Nintendo now stands at 8.76 trillion Yen ($72.7 billion). This is more valuable than some of Japan's other big-name companies, namely Nippon Telegraph and Telephone (NTT, the Japanese equivalent of AT&T) and Honda Motor Co, which was actually a more valuable company up until yesterday.
Nintendo leaving companies in its market value wake isn't entirely new. Last month, it surpassed Sony in terms of total market value, despite Sony being involved with the entire spectrum of electronic devices, including video games.
Post by: Mashiro on July 26, 2007, 02:41:17 PM
Post by: nickmitch on July 26, 2007, 03:40:14 PM
Post by: BlackNMild2k1 on July 26, 2007, 03:43:46 PM
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Iwata: You will say Wow!!!
Wow, just this past friday they were at #9 on the rankings list.
It didn't even take them a week to jump up 4 more spaces. At this rate, by the end of the weekend they should be firmly set in the #3 spot.
Post by: pSYCO-gAMER321 on July 26, 2007, 04:07:44 PM
Post by: BlackNMild2k1 on July 26, 2007, 04:15:04 PM
Post by: King of Twitch on July 26, 2007, 04:26:57 PM
Post by: Enner on July 26, 2007, 05:05:06 PM
Post by: BlackNMild2k1 on July 26, 2007, 05:08:50 PM
Quote
Originally posted by: BlackNMild2k1Quote
Iwata: You will say Wow!!!
Wow, just this past friday they were at #9 on the rankings list.
It didn't even take them a week to jump up 4 more spaces. At this rate, by the end of the weekend they should be firmly set in the #3 spot.
Quote
Originally posted by: BlackNMild2k1
Actually if you look at the list I posted above...
...
Post by: AzureNightmare on July 26, 2007, 05:13:23 PM
Post by: IceCold on July 26, 2007, 06:34:23 PM
Post by: GoldenPhoenix on July 26, 2007, 08:06:12 PM
Post by: Mashiro on July 26, 2007, 08:34:53 PM
-The Management
Post by: BiLdItUp1 on July 27, 2007, 04:33:00 AM
Whoever had the good sense to get in right before E3 '06 with enough cash could probably retire early now (I don't have that kinda money, just stuff I've saved up/gifts/etc.)
Post by: Mashiro on July 27, 2007, 06:26:27 AM
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Whoever had the good sense to get in right before E3 '06 with enough cash could probably retire early now (I don't have that kinda money, just stuff I've saved up/gifts/etc.)
Yeah I think the same thing about apple stock a number of years ago. I knew they were going to rebound but I just was 1) too young to even play the stock-market and 2) Lacked any money to give someone to play the market for me.
Le sigh, all that potential money gain gone.
Post by: Klapaucius on July 27, 2007, 09:48:28 AM
Japan loves videogames more than telephones and cars :P
Post by: Nephilim on July 27, 2007, 04:15:57 PM
Post by: Ceric on July 28, 2007, 02:58:50 AM
Though its the right idea. Must company tries to find a new nitch when they are in trouble but sometimes it pays to hedge your bets when your at a peak but, do it quietly so people don't think you have loss focus.
Post by: Mario on July 28, 2007, 03:51:03 AM
Quote
Originally posted by: Klapaucius
I like how Nintendo is bigger than NTT and Honda.
Japan loves videogames more than telephones and cars :P
Not quite since Toyota is number one
Post by: that Baby guy on July 28, 2007, 05:35:04 AM
Quote
Originally posted by: BiLdItUp1
Hahaha...I've actually owned this stock since mid April, and since then it's gone up 66%! (In 3 months, that's pretty damn impressive)
Whoever had the good sense to get in right before E3 '06 with enough cash could probably retire early now (I don't have that kinda money, just stuff I've saved up/gifts/etc.)
I put in NTDOY right after E3 '06 with some graduation money. $2000. Not much, but not bad. It was $22 and change.
Now, It's $61.00 I've made over $3,000 In a year and a few months. Not bad at all, for not having done any work.
Post by: a4164 on July 28, 2007, 06:47:19 AM
