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Nintendo Co Ltd roared past Canon Inc to become Japan's second most valuable company behind Toyota Motor Corp, driven by its hot-selling Wii game console and DS handheld player.
Nintendo's Wii has so far outsold Sony's PlayStation 3 by a large margin since their launches late last year as Nintendo's strategy to expand the gaming population by offering easy-to-play but innovative games has proved a big success. Shares in Nintendo were up 2.6 percent at 58,900 yen in afternoon trade on Tuesday, bringing its market value to 8.34 trillion yen ($72.6 billion), surpassing Canon's market capitalization of 8.20 trillion yen.
Said By RudeMoody
So, since it costs less people are willing to settle for all of the crap games?
Said By RudeMoody
It's true that the XBOX360 isn't very reliable, but Microsoft does have a 3 year warranty on them now.
Said By RudeMoody
Also, what's the reason Nintendo didn't bother to show up at the Tokyo Game Show?