Global Themes

On Globalization & Venture Capital

Apple, Sony and Nintendo: A Stunning Comparison

Courtesy Gerhard Fasol of Eurotechnology Japan, a fascinating comparison between Sony, Apple and Nintendo

…On October 22 APPLE announced spectacular full-year results with a year-on-year net income increase of 38%.

…on August 29, 2008 Nintendo revised the forecast for full-year net income upward by +26.2%

…in contrast, on October 23, 2008, SONY said that full-year net income (for the financial year ending March 2009) is expected to be 37.5% lower than previously predicted

Lets look at today’s (Oct 22nd) market caps:

APPLE market cap = US$ 85.6 Billion

NINTENDO market cap = US$ 37.2 Billion

SONY market cap = US$ 19.9 Billion

Why this dramatic difference? We believe its focus. Apple and Nintendo are companies with clear focus.

…In terms of sales, SONY = 3 x APPLE …(and)…SONY = 4 x NINTENDO

annual revenues of SONY, Nintendo, and APPLE








In terms of operating income, APPLE = 3 x SONY…(and)…NINTENDO = 3 x SONY

operating income: Apple, SONY and Nintendo









In terms of operating margin, APPLE = 9 x SONY…(and)…NINTENDO = 15 x SONY

operating margin: nintendo, sony and apple

November 5th, 2008 Posted by | Global Competition, Japan, Miscellaneous | 2 comments