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Nintendo, DeNA shares skyrocket

by br26
08 September 2016
GN Version 5.0

This comes from PocketGamer.biz:

For the second time in a matter of months Nintendo's share price has spiked sharply overnight on the back of a mobile game announcemen.

During Apple's September keynote event announcing the iPhone 7, Super Mario creator Shigeru Miyamoto appeared on stage to unveil endless runner Super Mario Run. 

In reaction, at one point Nintendo's shares were up as much as 18%, before settling down to a still impressive 11% rise towards the end of Tokyo's trading day.

Whilst the reaction to the tremendous success of Pokemon GO that virtually doubled Nintendo's share price in August may have proved something of a false start (and indeed was rapidly reversed when it became clear to investors that Nintendo's interest and upside in the game were limited), this reaction to the imminent arrival of one of Nintendo's wholly owned crown jewel IPs should be on more solid ground.

Notably, the announcement of an Apple Watch version of the wildly Pokemon GO - which has grossed over $400M in two months and racked up more than 500 million downloads - at the same Apple event can't have hurt investor sentiment either. 

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