Nintendo enters Tokyo top ten

The success of both the Wii and DS has seen Nintendo’s share price surge to new heights in Japan, making Nintendo one of the ten most valuable firms in the country – and also raising its value past that of competitor Sony.

Tom Ivan at Next Gen reports that Nintendo’s market value recently reached $53 billion, narrowly ahead of Sony’s estimated value.

“Nintendo's strength is its ability to create a new market,” Mizuho Securities analyst Takeshi Koyama stated.

Nintendo spokesperson Ken Toyoda added: “We thank the high evaluation on us from the market. We want to meet market expectations with expansion of our DS and Wii sales.”