As of May 5, Nintendo has crossed the $100 billion threshold in market capitalization for the first time in the company's history. Having been open for business since 1889, Nintendo is currently on pace to become the sixth-most valuable Japanese company, as only $2 billion in market cap separates Nintendo from Fast Retailing, the parent company of the Uniqlo fashion brand.
After starting as a playing card company, Nintendo eventually ventured into other niche markets. In the early 1970s, Nintendo began manufacturing electronic toys and early video games, such as the Color TV-Game. However, Nintendo's first major successful console was the Famicom, which was released in Japan in 1983 and then in 1985 in the West as the Nintendo Entertainment System. Since then, Nintendo has become a cornerstone of the video game industry. Nintendo's upcoming Switch 2 console will launch on June 5, starting at $449 for the base system and at $499 for the Mario Kart World bundle.
Ahead of the Switch 2's launch, a new retailer listing shared on social media could allow players to customize the Joy-Con 2 controllers.
Although Japanese video game company stocks have been negatively impacted by the Trump...
