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