Nintendo is one of the most well-known brands in the world, and not just in the world of gaming. It has made a name for itself over the years and has become somewhat of an icon in its industry. It is a video game company and consumer electronics retail business that hails from Japan, with headquarters located in Tokyo.
It is known for creating some of the most popular video game franchises out there, including Pokemon and the Legend of Zelda. If you translate Nintendo, you get ‘leave luck to heaven’. Let’s do a deep dive into the company’s history and net worth.
Fusajiro Yamauchi founded Nintendo back in 1889, and its original intent was to produce playing cards that were handmade. The company was established under its current namesake in 1933, and besides creating playing cards, it came up with its own bridge tournament called the Nintendo Cup.
By the 1960s, Nintendo had attempted several other business ventures, including love hotels and cabs. Nintendo in the late 1960s decided to venture into the Japanese toy industry as well, and as a result they started to produce popular toys like Love Tester and Ultra Machine.
The toy industry of course needed a quick turnaround when it came to the manufacturing process, and Nintendo actually didn’t do all that great in this area. It quickly started to fall behind other more successful toy companies.
Nintendo came out with the first video game console in the late 1970s, and from here they started capitalizing on this niche that they seemed to be doing really well in. They hired a student product developer called Shigeru Miyamoto, who ended up coming up with some of the most famous games produced by Nintendo.
Donkey Kong was officially released in 1981, and it did so well that they started to work on the production of other video games, including Mario. In 1995, Nintendo wanted to be able to come up with a virtual reality console that was also affordable, so they released what was called Virtual Boy, but it didn’t do all that great.
However, Nintendo officially released Nintendo DS in 2004, which was a good year for the company. This product was a huge success, and really put Nintendo on the market for video game consoles.
The company shifted to creating video games for smart devices in 2015, and they owned 32% of the successful app Pokemon Go in 2016. Nintendo has had its fair share of good times and bad, but we believe that it’s still doing well.
Nintendo is currently sitting at more than $95 billion in net worth. It is considered to be the third most valuable company in Japan, and the majority of its earnings come from selling and manufacturing the software and hardware of its well-known games.
Super Mario is one of the most well-known characters in video game history, and the game itself has been loved and enjoyed by plenty around the world for a long time now. We only see good things in the future for Nintendo.