Pokemon Go Increases Nintendo Stocks Following Launch For Android and iOS

Pokemon Go is just the second mobile title from Nintendo, and yet the mobile landscape is already looking great for the company.

Following the launch of the app on Android and iOS, Nintendo has seen a rise in its stock price by 9%, Venture Beat reported. Pokemon Go is currently enjoying the top spot on the mobile game charts for the U.S.

The source also spotted a surge in Nintendo stocks as of July 8, with a very pronounced vertical shoot in stock prices.

Of course, it's not without its own issues. Niantic Labs experienced some problems with the issues, but that's understandable considering how many players are using the game. It's currently out for the U.S., Australia, Japan, and New Zealand, with more countries expected for release.

Nintendo still has a couple of mobile games in the pipeline, specifically one from the Fire Emblem franchise and the Animal Crossing series. If the success of Miitomo and Pokemon Go is any indication, the mobile industry for Nintendo is looking pretty positive.

Pokemon Go is a free-to-play title with different in-app purchases. Players can chase after their life-long dream of catching Pokemon in (augmented) reality, though it will require the use of a smartphone. Fans who are willing to shell out roughly $35 can get the Pokemon Go Plus accessory.

Read: The coolest Pokemon Go fan shots found so far.