| JRPGfan said: Nintendo stock is overvalued ? In 2016 wasnt there a thread about how Sony had made more money from "ps plus" than the entirety of Nintendo did that year?
http://www.eurogamer.net/articles/2016-04-28-sonys-psn-is-making-more-money-than-all-of-nintendo
"During the financial year ending 31st March 2016, Sony's PlayStation Network generated 529.1bn yen in sales. During the same financial year, the whole of Nintendo pulled in 504.4bn yen in sales. In terms of operating income, or profit, PlayStation made 88.7bn yen (£538m). Nintendo made 32.8bn yen (£207m)."
If sony makes much more revnue & profit than nintendo, why is nintendo stock almost as high? Stock markets dont make sense to me at all. |
Higher profit for the value, but still, stock market is insane.
To the bolded: Maybe investors like the idea that Nintendo soon will have their own paid network.
