Last Update 21:35
Monday, 16 September 2019

'Pokemon Go' doubles Nintendo's stock price and market cap

AP , Tuesday 19 Jul 2016
Share/Bookmark
Views: 2434
Share/Bookmark
Views: 2434

The stock price of Japanese game maker Nintendo Co. has more than doubled since the launch of the wildly popular augmented reality game "Pokemon Go" on July 6.

Nintendo rose 14 percent in heavy trading Tuesday on the Tokyo Stock Exchange, closing at 31,700 yen ($300). The Kyoto-based company accounted for nearly one in four shares that changed hands on the TSE's main board. The sharp rise has doubled its market capitalization to 4.5 trillion yen ($42.4 billion).

"Pokemon Go," a smartphone app that uses Google Maps to overlay reality with Pokemon creatures, was developed by Niantic, a Google spinoff that Nintendo invested in last year. The game has yet to be released in Japan and the rest of Asia.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.