Pokemon Go Launch Makes Nintendo Stock Prices Soar

Bloomberg:

The shares of Nintendo responded with their biggest intraday jump since 1983, when they listed in Tokyo, climbing 25 percent on Monday. Investors are taking Pokemon’s early success as a sign that the company can still churn out hits if it commits popular characters from its Mario or Zelda franchises to mobile-gaming apps.

Hard to believe it took Nintendo this long to capitalize on bringing their IP to smartphones.