Anyone who was worried about Nintendo's future as a company following the struggles of the Wii and Wii U need not fear. Pokemon GO has launched the video game brand to new heights, even surpassing Playstation manufacturer Sony.
Nintendo has added an incredible $23 billion to its value in the less than two weeks since Pokemon GO launched.
The chart below showcases the spike in Nintendo's stock (via Mashable).
The drastic share price increase has sent Nintendo's market capitalization (the company's value based on its stock price) over $40 billion. Sony clocks in at around $38 billion.
Nintendo market cap has now doubled since the release of Pokemon Go.
Now at over $40 billion. Higher than Sony. pic.twitter.com/y6RlSUO1Jj— ZhugeEX (@ZhugeEX) July 19, 2016
The Nintendo stock began to rise almost immediately upon the release of Pokemon GO but the game's insane popularity and usage only helped the prices continue to evolve. Daily active user numbers stack up with Google Maps and Snapchat, two of the most popular apps on the market.
With the massive success of Pokemon GO, we can only expect to see more games from Nintendo bust into the mobile game market. The company owns some of the most popular and well-known titles available, including Super Mario Bros. and The Legend of Zelda. Should either of those arrive in an app store any time soon, we'll just have to hope the servers can hold up.0comments