News

Pokemon Go adds $8 billion to Nintendo's value over the weekend

Pokemon Go adds $8 billion to Nintendo's value over the weekend

Pokemon Go has only been out in the US since Thursday, but the impact on Nintendo's (TYO:7974) share price is already stunning.

On launch day, based on its share price of ¥14,380, the company was worth around $20 billion.

It rose to $23 billion on Friday.

Buy, buy

But fastforward to Monday, and Nintendo's worth is up 40% to $28 billion.

Not bad for a game that's only officially available in Australia, New Zealand, Puerto Rico and the US.

The title's halo effect has even spread to DeNA (TYO:2432), which is working with Nintendo over some of its future mobile games. Ironically, though, DeNA didn't develop Pokemon Go, which is a co-development with San Francisco studio Niantic Labs. 

Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies