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Nintendo passes Sony in market value?

Although Nintendo passed Sony briefly in terms of market value on Monday, that didn’t stop headlines such as “Nintendo outstrips Sony in market value” from popping up. Nonetheless, Nintendo settled in the 11th spot in terms of market capitalization, just once place behind arch rival Sony.

Nintendo certainly is winning the console war up to now, and for the short to medium term, with the success of the Wii and DS platforms. This observer, however, still believes that the Play Station 3 will be more successful in the long term. Call me crazy.

As the Nikkei tells us, “For the current fiscal year, Nintendo projects a group net profit of 175 billion yen, a slight increase from a year earlier. By contrast, Sony forecasts a 2.5-fold gain in its group net profit to 320 billion yen.”

Sony also sells LCD TVs, and other home electronics. The Wii is a fad and Nintendo ’s shares seem overvalued.

Spider-Man 3 Breaks Box Office Records in Japan, Across Asia

Spider-Man 3 opened here in Japan last night - yes, that’s right, on a Tuesday night. It is Golden Week, but today is not a national holiday (I still have my suit on). At any rate, on opening night in Japan, Spidey brought home 415 million yen, becoming the largest-ever grossing film to open on a Tuesday night.

The film also set records in Hong Kong, Singapore, the Philippines, Malaysia and Thailand. Oh, and in Taiwan, Spider-Man 3 became the highest grossing film on a single weekday.

As far as cost goes, the Guardian tells us:

Spider-Man 3 certainly needs a good performance as the studio says it cost a phenomenal $258m to make. This already makes it the most expensive film of all time - beating King Kong’s 2005 record of $207m, but some reports have placed that figure closer to the $500m mark.

Up to $500 million? Pfft…that’s still only a quarter of what Roppongi Hills came in at…

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