Nintendo value soars

The strong success of both its handheld DS and its motion sensing home console Wii has seen Nintendo’s profit soar to make it the second most valuable company in Japan.

Next-Gen reports that the company’s share value has quadrupled over the past two years, seeing it oust Canon to trail only motoring giant and market leader Toyota in the Japanese market.

Nintendo’s market value is currently YEN 8.34 trillion, or $72.4 billion. Toyota is currently worth YEN 24 trillion, or $208 billion.