Nintendo's market value hits 10 trillion yen [update 1]

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Nintendo's market value hits 10 trillion yen [update 1]

Posted Oct 15th 2007 2:50PM by JC Fletcher
Filed under: News, Sales

Investopedia defines "market value" as "The market capitalization plus the market value of debt. Sometimes referred to as 'total market value'". (They define "market capitalization" as "The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.")

Whatever market value is, Nintendo's got a big old chunk of it. After their stock rose 5.7 percent today, they've hit a company high at over 10 trillion yen ($85 billion), up 3.7 trillion yen from just four months ago. To put that in layman's terms, "holy crap." Nintendo's market value has seen "a fivefold increase in the past two years." We're not market analysts or anything, but that seems really huge and really fast. This DS thing may turn out okay for Nintendo after all.

Update: Sorry, we had a bit of a problem with some of the text there. Balance has been brought back to the universe.

[Via GamesIndustry.biz]

Tags: market-value, marketvalue, stock

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Reader Comments (Page 1 of 1)

10-15-2007 @ 4:37PM

Ihar `Philips` Filipau said...

I hope they'll do something with all the fortune they have right now.

WiiHD or TripleScreen or GameGirl Petting or something.

Or simply more new original games.

10-15-2007 @ 8:18PM

Utils said...

How much is that in REAL money?

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