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Pokémon Go's Craze Adds To Nintendo's Market Value

Pokémon Go has caused a major uptick in Nintendo's stock prices.
Pokémon Go has caused a major uptick in Nintendo's stock prices. Photo Credit: Greg DiGuglielmo

The popularity of the newly released Pokémon Go app triggerd an uptick in Nintendo stock that added $7.5 billion to the company's market value, according to The Verge.

The company's stock price jumped more than 24 percent on Monday, marking the largest spike for Nintendo since 1983, The Verge reported.

The game, however, is not a direct product of the company that brought you Super Mario Brothers. Instead, it was created as a collaboration between ugmented reality game maker Niantic and the Pokémon Company, two outfits Nintendo has invested in. Experts believe the game would have to generate between $140-$196 million in monthly revenues to have an impact on Nintendo's profits, The Verge said.

Click here to read The Verge article .

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