Mamma mia, Mario, Nintendo tops world’s best companies?!
All those gold coins Mario collects have added up nicely for Nintendo. Guess who just topped the list for the world’s best companies?
BusinessWeek magazine has just published its annual World’s Best Companies list, and the Japanese gaming giant – responsible for the Nintendo DS, DSi and Wii – has earned the top spot in the “enterprise” category.
Based on sales growth and value creation over the past five years, BusinessWeek examined 2,500 publicly traded companies with a minimum of $10 billion (U.S.) in sales during 2008.
Nintendo’s 2008 combined hardware and software sales were valued at $16.8 billion, even though supply of the Wii console had trouble keeping up with demand. These sales figures are 35.7 per cent greater compared to those in 2004, the year Nintendo struggled in the home market with lukewarm sales of its GameCube console. But it was also the year it launched the hand-held DS, which would go on to sell more than 100 million units worldwide.
Nintendo, however, isn’t starting off its fiscal 2010 year on a good note, as the company recently announced revenues were down 40 per cent during its April-to-June quarter – likely due in part to the global economic recession.
Filed Under: Events > In The News
Tags: 2008, billion, business, game, Japan, mario, nintendo, video, week