Pokémon Go's Craze Adds To Nintendo's Market Value

The popularity of the newly released Pokémon Go app triggerd an uptick in Nintendo stock that added $7.5 billion to the company's market value, according to The Verge.

Pokémon Go has caused a major uptick in Nintendo's stock prices.
Photo Credit: *Greg DiGuglielmo*

Joe Jenkins

07/12/2016 11:30 a.m.

The company's stock price jumped more than 24 percent on Monday, marking the largest spike for Nintendo since 1983, The Verge reported.

The game, however, is not a direct product of the company that brought you Super Mario Brothers. Instead, it was created as a collaboration between ugmented reality game maker Niantic and the Pokémon Company, two outfits Nintendo has invested in. Experts believe the game would have to generate between $140-$196 million in monthly revenues to have an impact on Nintendo's profits, The Verge said.

Click here to read The Verge article.

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