Tuesday, July 19, 2016

Nintendo Market Doubled its Value Since the Pokémon Go’s Release

Source: (James Bareham / The Verge)
Ever since the launch of Pokémon Go earlier this month, Nintendo’s market capitalization has more than doubled, ending Tuesday trading at a fantastic $42.5 billionThe latest uptick in Nintendo’s market cap also sees it bypass Sony — all of Sony, which has a market cap closer to $40 billion — which is a position it’s not enjoyed since way back in 2014.

Eurogamer has a nice breakdown of why investors are buying up Nintendo in spite of it standing to benefit from Pokémon Go only indirectly. The Japanese gaming giant has another feather in its cap with the recent announcement of a mini NES that was received with absolute joy and adulation...

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