Nintendo shares zoom past Sony thanks to Pokémon GO
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Now there’s a headline you didn’t expect to see this year.
Pokemon Go has turned around Nintendo’s fortune, literally, in just under a week with it’s share price soaring. Today it passed a milestone, Sony.
That’s right, Nintendo is now worth more than Sony on the Japanese stock exchange. Nintendo’s shares have risen 120% since the app launch last week and with the imminent release in Japan now planned – who knows how high it will go.
Last week Nintendo broke a Japanese stock market record. It had the highest value of shares trade traded, by one company in a single day in this century.
Who knows how long the stock will continue to rise, we hope for Nintendo’s sake it’s not anytime soon.
Source: Bloomberg
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