Pokémon GO is off to an almost unbelievable start, topping the iOS and Android revenue charts in record-breaking time and boosting Nintendo’s stock to its highest point in five years. Nintendo’s value continues to soar as hordes of investors rush to buy stock, and the surge hit historically impressive numbers last week.

According to Bloomberg, Nintendo traded ¥476 billion (approximately $4.5 billion USD) worth of shares on Friday, which is the biggest daily turnover for any Japanese company in the past century. Nintendo actually traded even more shares on July 11th (shortly after
Pokémon GO made its debut), but the rising price of Nintendo’s stock made Friday’s turnover substantially larger. Pokémon GO also helped Nintendo have its best day in the stock market since 1983 and its best week in the stock market ever.

Source: Bloomberg, Polygon

Our Verdict

Ben Lamoreux


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