Many were worried about Nintendo and the future of the company following the flop that was the Wii U. Sure, games like Mario Kart 8 and Super Smash Bros. helped to boost Wii U sales, but obviously that was only temporary as gamers would eventually move on to newer and more exciting games in the future.
Now it looks like Nintendo’s stocks are soaring through the roof and according to a report from Reuters, the company’s shares have gone up by as much as 86% since last Thursday thanks to the release of Pokemon GO. With rise in share value, the report claims that this has added as much as $15 billion to Nintendo’s market value.
Given that on Monday we heard that Nintendo’s shares had risen by 25% and that they had added $9 billion to their market cap, to see it rise another $6 billion within the same week is indeed very impressive. Naturally some are skeptical about this as who knows where the game will be in the next few weeks or months.
It could be like the Miitomo which saw a surge in popularity, but the hype and interest surrounding the app quickly died when gamers realized that this was all there was to the app. As for Pokemon GO, we heard its developers are planning additional features like battling with other players, trading of Pokemon, and even sponsored locations, all of which should keep interest in the game alive and well for the foreseeable future.
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