Nintendo’s Market Valuation Passes Sony’s Thanks To Pokemon GO’s Success
Is there no stopping Pokemon GO?
There seems to be no stopping Pokemon GO, or the far reaching impact and ripple effects that it is having. It’s already broken all manner of records, and it also seems to be bringing in loads of money for Nintendo, causing the company’s stock to rise from its Wii U induced slump.
But the sheer extent of that must be properly appreciated- as of right now, thanks to Pokemon GO, Nintendo’s stock is worth over ¥4.5 trillion, which translates to $42.5 billion. This means that as of right now, Nintendo’s market valuation has officially exceeded Sony’s. This happens as trading for Nintendo’s stock on the Tokyo Stock Exchange continues to set all manner of records, pushing Nintendo’s stock price higher with each passing day.
Of course, the long term sustainability of something like this is unknown, for now- Pokemon GO, while probably here to stay, can’t remain this successful forever, and will probably eventually start to settle at more sustainable and reasonable levels, which in turn might influence Nintendo’s stock value. However, for the foreseeable future, that doesn’t seem to be a pressing concern- Pokemon GO has yet to launch in Japan, which is likely to be its biggest market, and Nintendo have two ore highly anticipated mobile games, Fire Emblem and Animal Crossing, coming up later this year, which will probably keep their stock up high. That, plus hopefully a positive reception to the NX’s reveal, should keep Nintendo’s stock flying high for the time being.