Nintendo Just Became The Most-Traded Stock In Japanese History
These are good times for Nintendo. The stock OTC: NTDOY surged over 60% as Pokemania once again took over the world. The company recently launched its first smartphone game, Pokémon Go, which has become a blockbuster hit.
Occasionally, one of the phones will buzz. Its owner will hold it up, as if taking a photo, and with intense concentration and a dexterous flick of the finger hurl a virtual ball at a creature on the screen. If successful, they will have taken one more step towards becoming a Pokémon master.
The scene has been repeated many millions of times around the world in the last week. Almost overnight, Pokémon – short for “pocket monsters” – has gripped the world once again, 21 years after Nintendo released the first video game featuring Pikachu, Bulbasaur and Charizard.
The culprit has been Pokémon Go, a smartphone app developed by San Francisco’s Niantic Labs and published by the Pokémon Company, a joint venture in which Nintendo – the fabled Japanese video game firm behind Mario, Zelda and others – has a minority stake.
It also became a social phenomenon, possibly unmatched by any game in such a short space of time. A BBC reporter at Downing Street was spotted playing it, even as Theresa May travelled from Buckingham Palace to give her maiden speech as Prime Minister.
Figures from SensorTower, an app data provider, showed users were spending more time on it then Facebook. Police resorted to issuing warnings about crossing the street when playing and transport departments urged people not to play when driving.
Feelings about its success were naturally mixed, but nobody could have been happier with its success than Nintendo. The once mighty but struggling video game company’s fortunes have waned in recent years due to rise of the smartphone, which now promises to be its saviour.
Nintendo Brings Back the Iconic NES Video Game Console
Remember the iconic Nintendo Entertainment software or NES video game console? It’s returning from the dead.
Betting big on nostalgia, Nintendo Co Ltd NTDOY is reviving NES almost 20 years after discontinuing it. Only this time, the revamped version will be smaller than the original NES and will have 30 built in games including Super Mario Bros 1, 2, 3, Legend of Zelda, Donkey Kong, Bubble Bobble and Kirby’s Adventure. An HDMI cable will enable users to plug it into their TV sets to play the games.
Like the original NES, the revamped version will also have a controller, which will support two player games. Also, classic controllers will be available for $ 9.99. Even classic controller Pro for Nintendo’s Wii and Wii U are compatible with mini NES. The company will start selling the mini console in Nov 2016 for $ 59.99.
Chief Operating officer and President of Nintendo, America said “we wanted to give fans of all ages the opportunity to revisit Nintendo’s original system and rediscover why they fell in love with Nintendo in the first place.”