Sony expects first loss in 14 years amid downturn :(

Sony - Sony expects first loss in 14 years amid downturn :( - View Post

BengaBenga

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BengaBenga on 11 May 2009

papflesje said:
weird that Nintendo, despite doing so very well, also lost half its value on the stock market...

That's not weird at all. Nintendo also has to face a strong Yen and a weak economy, so it's normal that the shares will drop. And Nintendo stock was at an insane level anyway. Nintendo market cap is still some 2.5 x Sony's, which is ridiculous compared to the revenue and assets. From Forbes (Sales, Profit, Assets, Market Value in $US Billion):

82 Sony Japan Technology Hardware & Equip 88.89 3.70 124.12 17.12

274 Nintendo Japan Technology Hardware & Equip 16.76 2.58 17.87 41.25

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Sony - Sony expects first loss in 14 years amid downturn :( - View Post

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