One Mobile Game Made Nintendo More Valuable Than Sony
Niantic’s new mobile phenomenon Pokémon GO launched less than two weeks ago, but it has already pushed Nintendo’s market value past Sony’s.Tuesday afternoon in Tokyo was a big day for Nintendo. The Kyoto-based video game maker witnessed its value eclipse that of industry giant Sony, ending the day with a $39.9 billion dollar market cap — about $1.5 billion more than Sony’s, according to Bloomberg.Pokémon is finally mainstream again,” said Benjamin Aquino, a long-time Pokémon fan and Nintendo News reader. “The hook of [Pokémon GO] is the same as the series’ main games: ‘Gotta catch ’em all’. As a collector, this really appeals to me, and the Pokémon gyms cater to my competitive nature.”