The ‘Pok mon Go‘ fever that has gripped smartphone users across the globe has led Japanese videogame giant Nintendo to double its value at the Tokyo Stock Exchange on Tuesday. Since July 7, the Kyoto-based company stocks have been revalued at 114.04 percent. In the first half of the trading session, Nintendo appreciated 10.79 percent, reaching $291 per share, little more than double of the $136 with which it closed on July 6 when the new game was just launched, EFE news reported. Also Read - Holi Special Offer 2021: Garena Free Fire, Call of Duty, Free Fire, Ludo King celebrate festival of coloursAlso Read - Niantic announces India-exclusive Festival of Colours for Pokemon Go: Here are the details
Nintendo s capitalization has also doubled up to $37 billion registering a growth of around $19 billion in just a week and a half. This meteoric rise, highest experienced by the company in a decade, is due to the phenomenal success of the augmented reality game Pok mon Go that invites users to seek out fantastical creatures from real situations with the help of a mobile phone camera.
The game has been the most downloaded app on iOS and Android stores where it is available in select countries like the US, Canada, New Zealand and almost entire Europe. Nintendo has also announced that it will soon roll out the gaming app Pok mon GO globally in 200 countries and nations.