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(Image: NINTENDO)

Nintendo has today surpassed Sony on the stock market.

This is according to industry analyst Serkan Toto, who notes that Sony's valuation on current market capitalisation stands at US$46.3 billion.Nintendo: US$54.6 billion.

But Nintendo's valuation has surpassed the company and is now sitting at an incredible US $54.6 billion.

The long and short of this data boils down to one very simple fact: Nintendo is now worth more than Sony (that's every arm of the company - including the videogame arm, the home entertainment arm, the movie production portion and so on).

Nintendo already hit a 9-year high with its share price earlier this year, and this information just goes to show that the company's gamble with mobile games and the hybrid Switch console is paying off.

Nintendo's share price has been rising steadily since the release of its newest console, and investors are showing renewed confidence in the company after a few years of speculation damaged the company's value.

Last month, Nintendo turned a massive 128 years old.

The company was originally set up on September 23rd in 1889, and was originally a playing card company based out of Kyoto.

Originally, Nintendo was founded to produce handmade hanafuda playing cards, and interestingly enough, that's an area of business that Nintendo is still involved with today.

It wasn't until the 1960s that Nintendo decided to branch out into other areas of electronic entertainment.In its long history

In its long history, Nintendo has also experimented with Love Hotels, a TV network and making food, too.

Most of us know Nintendo for its contribution to the videogame and toy industries - but the publisher didn't actually venture into these areas until the late 1960s.

Nintendo is currently most well-known for its most recent home console, the Nintendo Switch.

The Nintendo Switch was known in development by its codename NX, it was unveiled in October 2016 and was released worldwide on March 3, 2017.

Nintendo considers the Switch a "hybrid" console; it is designed primarily as a home console, with the main unit inserted onto a docking station to connect to a television.

By July 26, 2017, Nintendo announced that it has sold 4.7 million Switch units worldwide, alongside 13.6 million sales of software for the console, led by Breath of the Wild, Mario Kart 8 Deluxe and Arms with total sales of 3.92, 3.54, and 1.18 million units, respectively.

The hardware developer and publisher is also still selling major numbers of its most recent handheld console, the Nintendo 3DS (and its related consoles, too).

After 128 years, it's clear that the company isn't slowing down and is going from strength to strength in the videogame industry, too.