Pokemon Go Launch Lifts Nintendo Shares to Highest in Two Months

Pokemon Go is currently the No. 1 free app on iTunes' free and highest-grossing charts.

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Pokemon Go, the newly launched mobile game in which players catch Pokemon in the real world, is not made by Nintendo, but the company is still benefiting from its release.

As Reuters noticed, Nintendo shares surged significantly this week after the game's launch. At press time, shares are up close to 9 percent on the Tokyo Stock Exchange. At one point, Nintendo's share price jumped 10 percent, which represented their highest level in two months.

According to tracking service App Annie, Pokemon Go is currently the No. 1 free app on iTunes' free and highest-grossing charts. Though the game is free, it has microtransactions, and those are apparently proving popular, it seems.

Pokemon Go was developed by Google spinoff Niantic Labs, in collaboration with The Pokemon Company. Nintendo is a co-owner of The Pokemon Company.

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In other news about Pokemon Go, a man recently caught a Pidgey while his wife was preparing to give birth. Additionally, police in Australia gave some good advice to players.

It hasn't been totally smooth sailing for Pokemon Go, however. Niantic Labs has acknowledged a number of issues with the game, while players are also reporting heavy battery drain. Check out this post to see a roundup of the game's known issues.

For more on Pokemon Go, check out GameSpot's roundup of everything you need to know. Keep checking back with GameSpot for more on Pokemon Go in the days ahead.

Got a news tip or want to contact us directly? Email news@gamespot.com

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Avatar image for crappy_crab
crappy_crab

It rose another 25% today. Wow...

Avatar image for darksouls
darksouls

Sigh, that's depressing. Pokemon Go is arguably the worst Pokemon game to date and will earn no money from me.

Avatar image for bunchanumbers
bunchanumbers

Good for Nintendo! Hopefully they find a way to steer these people towards a 3ds when Sun/Moon comes out. Maybe a little cross promotion.

Avatar image for darksouls
darksouls

@bunchanumbers: Let's hope not! I don't want Sun/Moon to be dragged down with this gimmicky mobile piece of garbage!

Avatar image for JustPlainLucas
JustPlainLucas

A shame that it took a basic mobile game to do it. R.I.P. Wii U.

Avatar image for lunar1122
lunar1122

looks f-in stupid. So you just throw pokeballs and thats it?

How is that entertaining? you'll be bored in 5 minutes.

PPL play anything these days yes.

Avatar image for iandizion713
iandizion713

Its good so many are happy.

Avatar image for wtf_666
wtf_666

Hmmmmm...a FREE game is downloaded a lot. Go figure. It's cute for the kiddies though I guess.

Avatar image for TJDMHEM
TJDMHEM

that looks cool.