Nintendo Shares Rise 10 Percent Thanks to Pokemon Go

Gotta buy 'em all.

By Matt Porter

Nintendo's share prices are benefiting from the release of new mobile game Pokemon Go.

According to Reuters, shares in Nintendo jumped 10 percent overnight, reaching their highest level in more than two months. Nintendo currently has a market value of $23 billion.

This is all despite Nintendo having not much to do with the augmented reality game where you can catch Pokemon out in the real world. Pokemon Go is from Niantic and The Pokemon Company, however Nintendo does own a stake in each of them.

The game, which launched yesterday in Australia, New Zealand, and the United States, is free, however there are microtransactions allowing you to buy extra items. There's no word yet on when it will be coming to other territories, but you can expect it soon.

Pokemon Go has been popular so far, and if you're playing, we want to see all your weird and wonderful screenshots.

Matt Porter is a freelance writer based in London. Make sure to visit what he thinks is the best website in the world, but is actually just his Twitter page.

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