Nintendo Stock Price Up 9% After Pokemon Go Launch

An anonymous reader writes: Following the release of the location-based mobile game Pokemon Go, Nintendo’s stock is up 9 percent on the Tokyo Exchange. VentureBeat reports: “The iOS and Android app debuted Wednesday evening in the United States, and it has fans outside walking around looking for digital creatures to catch on a GPS-powered world map. The free download shot to No. 1 on the top-grossing chart in less than a day. With that level of demand, developer Niantic is having trouble keeping its servers up, and players are complaining about outages and connection issues. It comes from The Pokemon Company International, which is a separate entity that Nintendo only owns one-third of in partnership with Pokemon developers Creature Inc. and Game Freak. Having even just a piece of the Pokemon Go party should mean significant revenue for Nintendo, but this also keeps the brand relevant.”


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