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Nintendo Stock Prices Rise Following Launch of Pokémon GO

posted on by Karen Ressler

Shares in Nintendo Co, Ltd. rose as much as 25 percent in the Japanese market following last week's release of Pokémon GO. Beginning on Friday, shares had risen 10 percent.

The company's market value rose 718 billion yen (about US$7.1 billion) over two days. Bloomberg's David Ingles said on Twitter that "Nintendo having their best day since 1983." (The NES console launched in Japan in 1983.)

SimilarWeb reports that the app has been downloaded on 5.16% of Android devices in the United States, and thus far more than 60% of those who have downloaded the game have been using it daily. Pokémon GO has also topped the iTunes Store's ranking for free apps.

Sources: Reuters (Clara Ferreira-Marques), SimilarWeb (Joseph Scwartz), Investing.com, Bloomberg (Jake Ulick) via Siliconera


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