Pokemon Go, the hottest released mobile game in which players catch creatures in the real world, it has already reached 5 million plus downloads in the Android play st. It has not even out in every major market yet.
WSJÃ‚Â reports that Pokemon Go’s release has made a huge impact on Nintendo’s business outlook. Shares of the company rose 25 percent in Tokyo today, building on increases from last Thursday and Friday. This comes out to $9 billion worth of market capitalization, pushing Nintendo’s total market cap to almost $28 billion.
Pokemon Go is not made by Nintendo, as it’s instead developed by the Google spinoff Niantic Labs in collaboration with The Pokemon Company. As WSJ notes, Nintendo owns 32 percent of The Pokemon Company, so when The Pokemon Company has success, Nintendo does, too.