The success of Pokémon Pokopia led to an increase in Nintendo's stock value
As reported by Bloomberg, the stock of the Japanese company has increased by 10.5% over the past 24 hours.
Pokémon Pokopia
Nintendo's stock value soared following the successful release of Pokémon Pokopia—a cozy life simulator launched on March 5 exclusively for the Nintendo Switch 2. It has been reported that major American retailers have already sold out their stock of the game, and the buzz around it has led to a significant increase in console sales. A similar situation is being observed in several other regions.
"Pokémon Pokopia turned out to be a dark horse. It went unnoticed by many, making its popularity a pleasant surprise," said Hideki Yasuda, a senior analyst at Toyo Securities Co., in a comment to Bloomberg.
The number of Pokémon Pokopia copies sold to date is unknown. The game’s sales figures might be disclosed shortly, but it is possible we’ll have to wait until May, when Nintendo publishes its annual financial report.
The current surge in Nintendo’s stock price helped the company partially recover from the recent drop, which was partly due to a crisis in the memory market. However, they are still trading 30% lower than their peak in November last year.