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Pokemon Game Adds $7.5 Billion To Nintendo Market Value In Two Days (reuters.com)
Who would have thought that Nintendo will ever make a strong return to the market... especially with an app that is not designed for company's signature hardware. But that is exactly what has happened. Shares in Nintendo soared again on Monday, according to a report on Reuters, bringing market-value gains to $7.5 billion in just two days as investors cheered the runaway success of Pokemon Go, the company's first long-awaited title in mobile gaming. From the report: The game, which marries a classic 20-year old franchise with augmented reality, allows players to walk around real-life neighbourhoods while seeking virtual Pokemon game characters on their smartphone screens - a scavenger hunt that has earned enthusiastic early reviews. In the United States, by July 8 -- two days after its release -- it was installed on more than 5 percent of Android devices in the country, according to web analytics firm SimilarWeb. It is now on more Android phones than dating app Tinder and its rate of daily active users was neck and neck with social network Twitter, the analytics firm said. The game is also being played an average of 43 minutes a day, more time spent than on WhatsApp or Instagram, it added. Update: 07/11 11:03 GMT by M :A report on Quartz states that Pokemon Go has added nearly 11 billion USD to the value of Nintendo since its release.
its rate of daily active users was neck and neck with
I don't think you can draw many conclusions about something based on two days of history. Is it remarkably popular? Apparently. Will it continue to be so? That remains to be seen.
This post is not meant to be in favor of or against this article or game or company. Just noting that the comparison isn't really valid.
Seems more likely to be a fad, especially when things like this happen. How many people are going to get mugged trying to catch 'em all?
Taking guns away from the 99% gives the 1% 100% of the power.
(Other than anyone who has been paying attention to Nintendo and has seen them do it repeatedly.)
allows players to walk around real-life neighbourhoods
I don't know what this app actually does, but isn't there a huge liability issue in maybe the pokemon leading a kid to step out in traffic, or into the yard of the local registered sex offender?
Someone had to do it.
No normal person would play such a game.
Just forge your GPS coordinates.
One game isn't going to turn around Nintendo. Especially since the game was developed by Niantic, which is part of Google. I'm sure Google gets at least part of any potential profits.
Also, the fundamentals of Nintendo are shit. The P/E is 160! The dividend is a tiny .85%. One game developed by Google that uses the Pokemon brand isn't going to suddenly turn around Nintendo. I suggest shorting.
It sucks that people can't lave others alone.
But forgetting that "people are real assholes sometimes", here you have a game that leads someone with a multi-hundred dollar smartphone to a location not necessarily controlled by them. May you live in interesting times.
It's that company that sells prescrambled hanafuda cards for the yakuza, because they can't trust anyone to scramble the cards due all the ninja methods of scrambling em in a way that favors a side.
https://regmedia.co.uk/2015/07...
This is great news for Nintendo. The marriage of Pokémon to Virtual Reality is a good one which makes this 'work'. They always had VR card games which came with the DS.... but to put this on cell phones which everyone has and combine it with GPS with Pokémon. While VR games and GPS has come before it, undoubtedly, like it or not, this ushers in a new style of gameplay, with lots of possibilities.
I can't wait for Pokemon GO to lead to the demise of any and all location based games. Niantic's other game, Ingress, was the basis for all the locations in Pokemon GO. I've seen an influx of people at the locations of portals. Mind you, there's usually an abundance of portals inside of cemeteries. I, along with others in the area I play, normally don't visit those portals often out of respect. With Pokemon GO and a younger (immature) group more apt to play, they will probably not have that same respect. It's an unfortunate thing that will probably lead to more problems for people playing Ingress. I'm sure it will also bring negative community attention if/when there's destruction of property.
On the flipside, it's brought many new players to Ingress.
It is now on more Android phones than dating app Tinder
That's only because my wife wouldn't like it if I installed Tinder, but Pokemon are OK.
Ladies, do you find it strange that your husband is going out at odd hours to "catch pokemon" ?
“Common sense is not so common.” — Voltaire
An extremely addictive AR/VR game... Makes people ignore their normal day to day... Some kind of mind control...
https://en.wikipedia.org/wiki/...
I took a walk the other day and everyone was either catching Pokemon or taking weird/creepy photos with their cellphones. All my friends in other countries are playing it. I feel like I'm the only one not playing it. I don't really want something else to get addicted to.
Now release Wii-U Zelda dammit.
systemd is Roko's Basilisk.
They can create and destroy entire economies. Does Wall Street live on its blood? This has to be some gag that's going to pop the balloon, maybe before November, eh?
“He’s not deformed, he’s just drunk!”
Yes it's an amazing idea. Yes it's extremely popular. Yes it's extremely valuable. However, I see no way that it's 11 billion valuable.
I gave up on Pokémon Diamond because it was too much work to play once a week to prevent a mass extinction of the trees in the game. No way in hell I'd play a version that makes me go outside and walk around!
"When information is power, privacy is freedom" - Jah-Wren Ryel
when you can hunt for real things?
https://en.wikipedia.org/wiki/...
AND it's not platform locked to one type of device.
Sounds like their second game is a bigger hit than Ingress was. Hope they get a big cut of the profits.
I'm too lazy to compose a creative sig.
If you have the stock right now, this is the perfect time to unload. Then you can repurchase once things settle down in a few days or weeks, or after the public outcry when people become convinced it should be shut down because it is causing so many accidents.
Lather, rinse, repeat, PROFIT!!!! /// :-( I don't have this stock
Is it really objectively worse than E.T. for the C64?
-=This sig has nothing to do with my comment. Move along now=-
Just another fad. Don't worry, if you're wrong about this one though, just wait until the first expansion pack and then start doomsaying again.
I bet there will be some good memes coming...
You poke 'm on!
Undercapitalization intended. Since Nintendo's market capitalization is 2.87 *Trillion*, a jump of 7.5 Billion is a rise of .26%. (Not 26%, twenty six hundrethds of a percent.) Which is a yawn, even if it is in the billions.
Anyone impressed by that, I'll happily sell you 30 Zettamolecules of water for $5.00. Imagine that! 30,000 Examolecules. What a bargain!
People are getting robbed already by playing this game, http://www.tmz.com/2016/07/11/pokemon-go-robberies/.
Attributing this rise to pokemon go is a pretty silly thing to do.
For comparison, the WiiU currently is sitting at about $12.8 million. So Pokemon Go is almost as profitable in a few days without hardware obligations as their latest hardware platform in a few years.
This game is pretty good and much more fun than Ingress. It also has serious incentive to buy stuff in-game, like the incubator. To hatch an egg you have to walk 5K and with only one free incubator, I'm inclined to buy a couple - they're only $1.50 each. Niantic, the company behind the game is a spin out from Google, who in turn were a spin out of the Google Earth team, who were acquired by Google way back when. The Ingress SiFi game has been running for years and you can still spot the mid-20's to 30's crowd every so often in a park trying to take down or protect a portal. That said, Ingress's business model was based on putting portals at places like Jamba Juice to try and attract customers to go there. As far as I know, it didn't really work out. Pokemon GO's approach seems much more likely to pay off.
Right now, the biggest problem is that the servers keep crapping out. We'll have to change the phrase "Slashdotted" to "PK'd" or "Go'ed" or something because they are hammered. If you don't think this is a big thing, go to a park and look for teens hanging out looking at phones. Then tell them you haven't reached level 5 yet and they'll nod knowingly.
You get throw away (good for a couple of times) incubators as you level up. And currency if you get to hold a gym for more than 24 hours, so I'm pretty sure you can save your buck and a half.
That's a pretty quotable remark your kid made :-)
(If at first you don't succeed, do it different next time!)
They need to learn the lesson from World of Warcraft. Take a LOT of that early money, and make more and more content. Also respond quickly to negative feedback/bugs etc.
(If at first you don't succeed, do it different next time!)