Nintendo Hits \$100 Billion Market Cap for the First Time 1qg2t
Nintendo has officially sured a \$100 billion market capitalization as of May 5, marking a historic milestone for the 136-year-old company. Now valued at 16.05 trillion yen (\$100.48 billion), Nintendo is on track to become the sixth-most valuable company in Japan, trailing Fast Retailing—owner of Uniqlo—by less than \$2 billion. 69b6t
Originally founded in 1889 as a playing card company, Nintendo has grown into one of the most influential names in the video game industry. Its breakthrough came with the launch of the Famicom in 1983, known internationally as the Nintendo Entertainment System. The company has continued its success with hit consoles like the Wii and the Nintendo Switch.
Nintendo’s market cap has more than doubled since 2016, when it stood around \$42 billion before the Switch’s release. The company’s value surge comes just ahead of the June 5 launch of the Switch 2, which will start at \$449, with a \$499 Mario Kart World bundle also available.
Despite global trade challenges and tariffs that raised prices on some accessories in the U.S., Nintendo has managed to maintain strong financial performance. To adapt, it has diversified manufacturing to countries like Cambodia and Vietnam.
With this financial achievement and a major console launch on the horizon, Nintendo continues to solidify its place as a leader in the gaming industry.
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