If this record is any indication, we may only just now be seeing the power of Pokemon GO.
Just when you thought that we'd seen all there was to see in terms of Pokemon Go's incredible popularity, the game has a way of reaching yet another milestone that makes you wonder just how long this ride will last.
Over the weekend Pokemon Go achieved, perhaps, it's most notable financial success to date by helping Nintendo's stock reach a new single-day trading record for a Japanese company this century.
As reported by Bloomberg, 476 billion yen (roughly $4.5 billion) of Nintendo stock was traded on the Tokyo stock market last Friday. While this does not represent the most shares Nintendo has ever traded in a single day (that's an honor that still belongs to the first weekend following Pokemon Go's release), the recent rise in the company's stock price means that the shares they did trade on this day were still enough to help them claim the single-day trade value record.
Take a look at this chart that helps illustrate the difference between Nintendo's recent record trading day and the next five nearest competitors:
That Nintendo could beat companies like SoftBank, Mizuho, and Aiful that essentially deal solely in finances and money based largely off of the power of a single mobile app is nothing short of jaw-dropping. Of course, what may be even more impressive in retrospect is the fact that Nintendo's current share value of around $33 is still nowhere near as high as their 2007 mark of nearly $80. However, given the latest round of buys that this record represents, it's certainly possible that the overall value of the company's shares may indeed soon be drawing closer to that mark set in part by the release of the Nintendo Wii.
With Pokemon GO just now expanding to additional countries, it's certainly starting to look like even the most sensational predictions regarding just how much money this game can make are going to be shattered.
