Nintendo's Stock is Skyrocketing, Thanks to Pokemon Go
Pokémon fever is back. Now the franchise using the augmented reality mobile game titled Pokémon Go took over the world. Pokémon Go app has an impressive achievements at its relatively early age. Nintendo's market value soar to $7.5 billion thanks to Pokémon Go. But keep this in mind: Nintendo didn’t develop the app, the primary developer is a former Google company that also behind a game Ingress, Niantic Labs.
Nevertheless, Pokémon Go successfully surpassed the popularity of various social network and other fellow mobile games on the planet.
SimilarWeb reported that dating app Tinder has been surpassed in terms of number of installs. As of July 8, the game was on 5.16% of all US Android phones — versus just over 2% for Tinder. And now the barely 2-weeks old app topped Twitter’s daily users. Forbes reported Pokémon Go has 21 million daily active users in the US. Pokémon Go even has surpassed porn as the most searched term on Google search.
Pokémon Go doesn’t stop there. The app breaking another record that its users now spending more time than they are spends in Facebook based on SensorTower’s report.
According to the same research firm’s report, Pokémon Go reached $1.6 million per day, and that revenue estimate is limited to iOS only.
Pokémon Go’s success lead to chain reaction for the app since its users are reporting frequent crashes, glitches, and bugs, hence the company has “paused” its worldwide release. After initial release in Australia, New Zealand, and US, the game now available legally in Germany, UK, Italy, Spain, Portugal, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Greenland, Hungary, Iceland, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Slovenia, Sweden, and Switzerland.