Nintendo Shares Rise Highest With Pokemon Go's Viral Success

Posted: Jul 19 2016, 12:17am CDT | by , in News | Latest Business News


Nintendo Shares Rise Highest with Pokemon Go's Viral Success
Photo Credit: Getty Images

The Pokemon Go fever that has gripped smartphone users across the globe has led Japanese videogame giant Nintendo to double its value at the Tokyo Stock Exchange on Tuesday.

In the first half of the trading session, Nintendo appreciated 10.79 per cent, reaching $291 per share, little more than double of the $136 with which it closed on July 6 when the new game was just launched, EFE news reported.

Since July 7, the Kyoto-based company stocks have been revalued at 114.04 percent.

Its capitalisation has also doubled upto $37 billion representing a growth of around $19 billion in just a week and a half.

This meteoric rise, highest experienced by the company in a decade, is due to the phenomenal success of the augmented reality game Pokemon Go that invites users to seek out fantastical creatures from real situations with the help of a mobile phone camera.

The game has been the most downloaded app on iOS and Android stores where it is available in select countries like the US, Canada, New Zealand and almost entire Europe.

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The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving Diaspora in North America. Now IANS is a full-fledged wire agency, putting out news 24x7 from around the world.




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