This week proved to be great for Nintendo due to the massive rise in popularity of new mobile game, Pokemon Go.
Pokemon Go: Nintendo Shares Increased by 86%, Adding $17 Billion in the Company’s Worth
Pokemon Go hits new records almost every day due to the strong sales, resulting increase in the company’s share and market value. Yesterday, the company witnessed a 10% increase in the market share, now standing at 86% since the game’s release last week.
With the increase in shares, $17 Billion has also been added to the company’s market value. Although, the game was developed Niantic Inc, but the Nintendo seems to be benefiting from the huge adoption and the success of the game. The news was officially posted by Reuters and it also added that Pokemon Go breaks the record of most daily trading volume for any specific stock in Japan.
Pokemon Go is an augmented reality game for Android and iOS developed by Niantic Inc along with the Pokemon company. Whereas the Nintendo only owns some portion of Pokemon Company. It was recently announced that the game will be released in 200 countries very soon. The game was released in the United States, Australia and New Zealand last week and later, it was released in the United Kingdom, Spain, Italy, Germany and Portugal. Pokemon Go has already earned $14 Million through micro-transactions. Stay tuned for more updates!