Markies wrote:PartridgeSenpai wrote:RCBH928 wrote:Nintendo is releasing Mario Kart for mobile devices,
if they continue with this I won't be surprised if they over take Sony as the #1 videogame industry leader.
For the fun of it I looked up the Market Cap for Nintendo and Sony, they are 50B and 70B relatively. This does not sound right, Sony is so much larger of a corporation than Nintendo. If anyone understands stocks please do explain.
I don't know much about stocks (although all the mystery still surrounding the PSV's hardware and launch price, as well as the good previews of the Switch Lite and several recent Nintendo games may be contributing to that a little?), but I do know that Sony's video game sector is frequently the most or only profitable part of their business these days. These days, they're more a video game company who happens to make more hardware and movies sometimes, rather than the other way around.
Patridge is completely right.
Sony USED to be so much bigger, but look at what they were profitable on.
Music.
CD's.
Movies.
Televisions.
Stereos.
Electronics.
All of these have shrank considerably in the last 20 years or so. Sony does some business elsewhere, but they make most of their money off the Playstation brand.
Sony is like 1 of the 5 major Hollywood studios and 1 of the 3 major music studios, not to mention the extremely wide range of electronics manufacturing. When you compare that to Nintendo which is still the 3rd console manufacturer in the current console race it just makes you think. Nintendo was always seen as the little guy compared to Microsoft and Sony.
I really had it the other way around, I thought they were not making much from the videogame industry or losing on it. I thought they were raking huge amounts from their movie and music business. The next console battle does not look too favourably of Playstation either, as Nintendo is gearing up, Stadia is coming in, things are getting more multi-platform which gives the upper hand for Microsoft which owns the PC OS, consoles, laptops, and the cloud server businesses needed for the new streaming and online gameplay.