On Tuesday, July 19, the game developer’s shares jumped by another 12 percent. This isn’t the first time, however, in the last decade that Nintendo has dominated; the first time was when the Wii launched in 2006 and owned both the PS3 and Xbox 360 that were far more powerful consoles.
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According to Mashable, the shares of Nintendo have rose nearly immediately after the Pokemon Go augmented reality game has been released. Now Nintendo is worth 39.882 billion thanks to the dominance Pokemon Go has had on mobile devices.
Nintendo’s market has been increasing even before “Pokemon Go” has hit the app stores. It was also revealed earlier this week that the company had the biggest daily turnover in the Tokyo Stock Market in this century! However, Fasol stated that the market has to be cautious and ask if Nintendo and Sony are comparable since “Pokemon Go’ is now a huge success with tons of potential waiting to be collected”. However, it is hard for analysts to foresee its future performance.
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It’s hard to believe that Pokemon GO released merely 2 weeks ago today. Pokemon Go has influenced a lot of people and continues to get hundreds of thousands of downloads by the second. Analysts say that it was too late for Nintendo to move into mobile gaming to have an impact on people, but the company proved them wrong. Seeing what Nintendo did with Pokemon Go should give those two ideas on how to maximize their products potential. The success of Nintendo’s new smartphone game, Pokemon Go, has sent shares of Nintendo soaring. As long as Pokemon Go is considered popular in communities you want to buy shares in Nintendo.
