This is a insane feat as Sony has been ahead of Nintendo by a large margin for quite a bit, but within one week of Pokemon Go that margin decreased and Nintendo surpassed Sony. Since July 2014, this is the first time when Nintendo has topped Sony in overall value. On Tuesday, July 19, the game developer’s shares jumped by another 12 percent. In just a little over half a day, the Nintendo stock price has fallen from 32,000 yen to 27,700 yen, which has in turn caused the company’s market value to fall back down under Sony.
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Nintendo’s market has been increasing even before “Pokemon Go” has hit the app stores. Now the company has a market value of $42 billion (4.5 trillion Yen). Pokemon Go has put Nintendo back in the top spot in the console wars with Sony and Microsoft. However, it is hard for analysts to foresee its future performance.
There are conflicting reports with Nintendo right now. Pokemon Go has influenced a lot of people and continues to get hundreds of thousands of downloads by the second. Pokemon fans have finally witnessed the full potential of one of their products when Nintendo wisely opted to release the Video Game on Mobile devices. Pokemon Go is a collaboration between Nintendo, Niantic, and the Pokemon Company. Nintendo’s stock has increased by close to $20 billion, a near 100% increase from what it was before Pokemon GO launched. This revolutionary game will open new similar games in the near future.
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On the other side, Nintendo’s rival Sony has enjoyed success this year with its PS4 console, while Nintendo’s gaming console Wii U has struggled. As long as Pokemon Go is considered popular in communities you want to buy shares in Nintendo. After the popularity of the mobile became apparent, Nintendo’s shares skyrocketed.
