With reports earlier this week of Nintendo’s market cap rising above the Sony share price for the first time in a while, it has now fallen, losing 15% of its value overnight which puts it back below Sony. The stock is still falling at the time of writing this article, which is likely due to the fact that people are cashing in the stock being so high, which is causing it to drop.
It’s not all doom and gloom for Nintendo though, with the stock still being incredibly healthy since Pokémon GO launched. The stock was stuck at about 15,000 yen prior to the game launching and it’s now sitting at about 27,000 yen.
It’s safe to say that Pokémon GO has been a huge success for Nintendo, not only on the stock market, but also in its ability to make Nintendo relevant with a smart phone market, and remind people of the special times that they had with the company growing up.
Lets hope that Nintendo can build some momentum after the release of Pokémon GO.
View Comments
pokeidiots will drop like flies soon
What are you trying to say? Will you in fact walk the streets and murder smartphone users who have the audacity to enjoy a video game? Or isnit that you simply do not have enough of a grasp of the English language to frame your incredibly original portmanteau with anything apart from an outdated idiom?