SinCityAssassin
Member
http://www.bloomberg.com/news/artic...-value-passes-sony-on-pokemon-go-frenzy-chart
Nintendo’s value jumped above $39 billion Tuesday in Tokyo, topping Sony, and extending a run that began after the app become a viral phenomenon.
The stock continues to rise after over a week of record growths during Pokemon Go's release. Now Nintendo's market value has officially passed that of Sony's entire corporation. Personally, as long as Niantic keeps updating and fixing the app to make it fresh and keep recurring spenders happy to spend, and that Nintendo can see how a western developer would go about gamifying a social experience (which can benefit the overall social quality of their upcoming Animal Crossing app), I can see stocks plateauing very favorably towards the end of this year.
Nintendo is currently the #13 biggest company on Tokyo exchange by market cap.
(^^^click for sound^^^)
Also semi-related fun:
McDonald’s Holdings Co. (Japan) saw its shares jump as much as 23 percent, the biggest daily gain since its July 2001 listing after it started giving away figurines based on Pokemon characters such as Pikachu with sales of Happy Meals on Friday.
"Investors are flocking to Pokemon-related stocks and McDonald’s Japan is one of those benefiting from the boom," Mitsushige Akino, a Tokyo-based executive officer at Ichiyoshi Asset Management, told Bloomberg News.
UPDATE: Nintendo Market Value now at S42.5 Billion after the end of Tuesday trading.
Shares of Japan's Nintendo Co. soared another 14 percent on Tuesday, more than doubling the firm's market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the United States.
"I've never seen the trend of such a big company's shares changing so quickly in such a short period of time," said Takashi Oba, senior strategist at Okasan Securities.
"Virtual reality and augmented reality have been a focus of the market but hardly anyone was expecting Nintendo in this area. Suddenly Nintendo has become an AR-related stock," said a fund manager at a Japanese asset management firm, who declined to be named as he is not allowed to discuss individual shares.
And to continue the trend of Pokemon-related stocks rising:
Shares in First Baking Co, a bakery firm with annual sales of 25 billion yen, saw its shares rise 18 percent on Tuesday as the firm sells "Pokemon Bread" among other breads wrapped with character-decorated bags.
http://www.reuters.com/article/us-nintendo-pokemon-stocks-idUSKCN0ZZ01Z
Update 3: Stocks now back down from 42.5b high as Nintendo currently down by more 10% since last night due to profit spending.
http://www.reuters.com/article/us-nintendo-pokemon-stocks-idUSKCN10001H