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Pokemon GO Helped Nintendo Break Stock Market Records - TheTech52
Pokemon GO Helped Nintendo Break Stock Market Records

Pokemon GO Helped Nintendo Break Stock Market Records

2 Comments | By | July 26, 2016

Pokemon GO is the lucky charm that keeps on giving. Nintendo’s market value was already sky high, but now the company has broken the record for the biggest daily turnover of this century in the Tokyo Stock Price Index (Tropix).

Nintendo traded 476 billion yen (4.5 billion US dollars) last Friday, July 15th alone, which is what broke the record previously held by energy company Tokyo Electric.

The downside to these Nintendo stock news is always the same – Nintendo doesn’t own the game. While Nintendo does get some market share, the biggest stakes go to developer Niantic Labs and publisher The Pokemon Company.

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