Pokemon Go has helped Nintendo make Tokyo stock market history, Bloomberg Technology reports. On Friday alone, Nintendo traded 476 billion yen, which translates to $4.5 billion US dollars. This was the biggest daily turnover in the Tokyo Stock Prince Index in this century.
Nintendo broke the record previously held by the Tokyo Electric Company and outperformed other large Japanese earners like Nippon Steel, Softbank, Aiful and Mizuho. Since Pokemon Go came out, Nintendo's stock has risen 71%, making it the most traded Japanese stock this century.
Nintendo now has a market cap of $37.3 billion dollars. This is more than double what Nintendo's last reported market cap was. This puts Nintendo above several big companies globally. It now has a higher market cap that Ebay, Audi, Hyundai Motors and the Hilton. There's a good possibility Nintendo's stock will continue to rise.
Pokemon Go has been a runaway success, so much that it has experienced server problems. Its number of users surpassed Twitter and it is now more popular than porn. Despite the great things it has done for the Japanese stock market, the game's launch is still delayed in Japan itself thanks to server issues.
What do you think of Nintendo's recent success? I'm happy to see them do so well. Do you think it will keep up?
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