Nintendo is now more valuable than Sony as market cap hits $42.5 billion following game launch

The game has already been released in 35 countries as the very slow rollout continues. This has triggered massive buying of Nintendo shares.

Pokémon Go

Interestingly, the game has not yet been launched in Nintendo's home country, Japan, though reports reveal that the game could be launched in the country today or tomorrow.

Nintendo stock is so desirable right now, that the company's stock broke the record for single-day trading in Tokyo, last Friday, with over $4.5 billion in shares changing hands.

By Tuesday, July 19, 2016, Nintendo shares were up 14.4 percent bringing its gains to over 100 percent since the game was launched on July 6, 2016.

The company's market capitalization is expected to continue upwards as the rollout of the Pokémon Go mobile game continues in countries like Japan, China, South Korea, and India.

Nintendo is now more valuable than its Japanese counterpart, Sony, in terms of market capitalization, even though it continues to struggle with the load on its servers due to the massive popularity of the game.

The game is yet to be released in Africa but if you want it, you can get it here.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Lagos govt bans bullying, flogging in public schools

Lagos govt bans bullying, flogging in public schools

Court jails Kwara Poly student 2 years for cyber fraud

Court jails Kwara Poly student 2 years for cyber fraud

2023: Former ABSU VC, Prof Ikonne wins Abia PDP governorship ticket

2023: Former ABSU VC, Prof Ikonne wins Abia PDP governorship ticket

2023: Kashim emerges Bauchi PDP governorship candidate

2023: Kashim emerges Bauchi PDP governorship candidate

Former Information Minister withdraws from Nasarawa PDP guber primary

Former Information Minister withdraws from Nasarawa PDP guber primary

Former Governor's son emerges Jigawa PDP guber candidate

Former Governor's son emerges Jigawa PDP guber candidate

Benue Speaker emerges PDP governorship candidate

Benue Speaker emerges PDP governorship candidate

Natasha wins PDP Senatorial ticket 2 months after joining party

Natasha wins PDP Senatorial ticket 2 months after joining party

I'm done - Peter Obi confirms exit from PDP

I'm done - Peter Obi confirms exit from PDP