Oh, the difference seven years makes, wouldn’t you say? At the beginning of 2017, Nintendo was on its “last legs” in the minds of many people. The Wii U was a failure, then President Satoru Iwata took a pay cut to ensure that layoffs didn’t happen, and people were wondering if Nintendo could “restore the feeling” that they had during the Wii days and systems before that. Then, along came the Switch, which not only catapulted them into the stratosphere once again but now their latest console is only 15 or so million units away from being the best-selling console of all time!
So where does that leave The Big N? Well, as one gaming insider noted, Toyo Keizai did an analysis of companies in Japan and “valued them” based not just on what they’re worth but subtracting any and all debt that they have. When that was compiled? Nintendo was the richest company in Japan!
According to Toyo Keizai, Nintendo is the richest company in Japan with over $11 billion in cash.
Nintendo is still doomed am I right? https://t.co/h73rxv1Vve pic.twitter.com/zLDKHbrt2b
— Stealth (@Stealth40k) February 18, 2024
The next game developer on the company list was Bandai Namco…at No.25! So that should show you how well The Big N has done over the last seven years and how they are likely trying to ensure that this positive trend continues.
