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Investors celebrated Nintendo’s announcement that its popular game franchise Super Mario Bros would debut on Apple’s new iPhone, sending the company’s stock soaring and adding billions to its market value.
Nintendo shares have taken a deep dive after the company warned the Pokemon Go mania would only have a limited impact on net profits. Investors had been hoping for a big leap forward in the months ahead.
Shares in Japanese gaming giant Nintendo have extended their week-long rally as investors ride the coattails of the Pokémon Go craze sweeping across the globe, with an estimated 65 million user already playing the game.
Nintendo’s Pokémon Go app has turned the slumping Japanese video game developer into an overnight celebrity on the app market. Can it sustain its success, or is it just experiencing its 15 minutes of fame?