Nintendo is now more valuable than Sony as market cap hits $42.5 billion following game launch

folarin okunola

July 20, 2016 5:20 PM

The game has already been released in 35 countries as the very slow rollout continues. This has triggered massive buying of Nintendo shares.

Pokémon Go

Interestingly, the game has not yet been launched in Nintendo's home country, Japan, though reports reveal that the game could be launched in the country today or tomorrow.

Nintendo stock is so desirable right now, that the company's stock broke the record for single-day trading in Tokyo, last Friday, with over $4.5 billion in shares changing hands.

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By Tuesday, July 19, 2016, Nintendo shares were up 14.4 percent bringing its gains to over 100 percent since the game was launched on July 6, 2016.

The company's market capitalization is expected to continue upwards as the rollout of the Pokémon Go mobile game continues in countries like Japan, China, South Korea, and India.

Nintendo is now more valuable than its Japanese counterpart, Sony, in terms of market capitalization, even though it continues to struggle with the load on its servers due to the massive popularity of the game.

The game is yet to be released in Africa but if you want it, you can get it here.

folarin okunola

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