Pokemon Go Adds $9 Billion to Nintendo's Worth in One Week
Unless you’ve been living under a rock this week, you’ve probably heard about Pokemon Go as it has become a huge craze!
After debuting less than a week ago, stocks in Nintendo have risen by almost 40%, which added $9 billion to the video game company’s worth, according to BuzzFeed.
Despite the massive stock surge, analysts say that Nintendo only stands to generate about $10 to $20 million annually from the game.
Some crazy things have happened to players since the game launched – a teen found a dead body in a river while playing it, armed robbers have used the game to find potential targets, and a man’s home was turned into a destination where people went to train their Pokemon.