'Pokémon Go' Has Doubled Nintendo's Stock Valuation
Nintendo was struggling after the flop of its Wii U console, but the company is now worth more than Sony.By Ben Lawson | July 19, 2016
So much for the console wars. Nintendo is now more valuable than Sony.
"Pokémon Go"'s success has doubled Nintendo's stock valuation to $42.5 billion as of Tuesday morning. Sony was sitting at about $38 billion.
Just a few weeks ago, much of the conversation about Nintendo was centered on its recent hardware flop, the Wii U.