Shares of Japan’s Nintendo soared more than 20 percent in early Tokyo trading on Monday, extending last week’s gains, on hopes that the popularity of its new Pokemon GO smartphone game will boost its results.
The game uses your camera to let users experience augmented reality. The app can help you capture Pokemons -- characters from the anime series of the same name -- in the real world. Eventually, the app even plans to let users share these Pokemons between players of the game.
Pokemon GO was launched in the United States last week and shot to the No 1 free app in Apple’s US iTunes store. It was also launched in Australia and New Zealand, and is expected to be rolled out in Japan soon.
I ain't wanna catch him cuz I already got one so we just took pics with him lol pic.twitter.com/07KROOlEWY— Michael Christmas (@MickeyChristmas) July 7, 2016
According to a report by SimilarWeb indicates that the augmented reality mobile game is about to surpass Twitter in terms of daily active users on Android.
shit shit shit shit shit shit pic.twitter.com/JEIie3ZcDv— Rob DenBleyker (@RobDenBleyker) July 7, 2016
Nintendo shares were up 23.5 percent at 20,085 yen ($199.32) each after earlier rising as high as 20,190 yen, their highest since November.