Pokemon Go makes Nintendo more valuable than Sony

Nintendo logoIf youve been living under a rock for the past two weeks, youre probably super lucky because Pokemons dont usually hide under rocks, so you were not disturbed by the hordes of zombie people walking around holding their phones and hunting for Nintendos little creatures.

Pokemon Go has become a global sensation, and everyones playing it, and this is probably more than Nintendo itself probably expected.

And living proof is the market value of Nintendo, which has surpassed the one of Sony Corporation, mostly thanks to Pokemon Go. A report by Bloomberg shows that Nintendo is now valued at more than $39 billion, overtaking Sony, which is currently at $38.3 billion. The growth continued, and on Tuesday, Nintendo reached $42.5 billion.

Pokemon Go makes Nintendo more valuable than Sony

Pokemon Go has been a hit from day one, and this has made Nintendos shares grow more as the game has become available in new markets around the world. After the first week of availability, Nintendos share value increased by 24.52 percent to reach $193, which, according to analysts, has been the biggest growth experienced by the company since 1983.

Furthermore, Pokemon Go is estimated to have generated up to $4.9 million only during the first day after launch, despite the fact that it originally debuted in the United States, Australia, and New Zealand.

In the meantime, Nintendo has made Pokemon Go available in most big European markets, but the priority now is to bring it in 200 countries worldwide, including South Korea and Japan, which are regions where the company could hit roadblocks because of restrictions to Google Maps.

Pokemon Go uses Google Maps API to provide location data to players, and the service is impacted by several restrictions in South Korea due to security concerns in the tense relationship with North Korea.

Nintendo officials claim that the company is already working on a way to get around this problem, and solutions have been found, but it remains to be seen how soon the game will be released in this countries.

Source: Softpedia

Tags: Nintendo, Sony

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Is this an error or it is really happening?
The proposed topic and architecture was originally presented to the JPEG Committee in 2016
The rest of the specs as seen on Geekbench include 8GB of RAM
Samsung is likely to be made official in February at next year's Mobile World Congress in Barcelona
Lumia 950 XL shown running Windows 10 on ARM
The company has studied such an option in the past
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (10)