Some of you may hate it, others cant keep their hands off it.
Pokemon GO is the new craze that is responsible for sending Nintendo’s stock price up 120% to a total worth of $42.5 billion. Which is pretty good for a company that seems to have been slowly fading away the past 10 years.
Nintendo shares had another big increase on Tuesday, surging more than 14% in Tokyo amid widespread mania over the company’s sensational Pokemon Go game.
The stock’s performance following the release of the augmented reality game is staggering: Shares have risen by more than 120% since July 6, adding $23 billion to Nintendo ()’s market value. The company is now worth $42.5 billion (4.5 trillion yen), more than Sony ( ) (4.1 trillion yen), Canon ( ) (4 trillion yen), Panasonic ( ) (2.4 trillion yen) or Toshiba ( ) (1.3 trillion yen).
Since the game was released last Thursday, it has been downloaded on Android and Apple devices more than 5 million times.
Pokemon Go is a legitimate sensation — ranking as the top free downloaded app on both Apple’s (, Tech30) App Store as well as Google’s ( , Tech30) Play store for Android devices.