Pokemon Rumor Helps Nintendo Rise

Nintendo Co jumped in trading in Tokyo after its new video game Mario Kart 8 passed the 1 million sales mark in the U.S. and its affiliate The Pokemon Co. said a trading card game online would be released as an app for the iPad by Apple, Inc, the Cupertino, Californian technology behemoth.

Nintendo was up 4% to 11,739 yen, which is the most in over four months helping it to par its decline to 16% this year.

Mario Kart 8 is just the second title under Wii U to sell over 1 million units. It joins New Super Mario Bros, U, said the company.

The Pokemon Co is making a trading card game for online that is offered already for PCs in an app for iPads, said a spokesperson based in Tokyo for the games maker.

One industry analyst said this has happened numerous times prior in regard to tentative plans by Nintendo to introduce its characters for smart hand held devices.

The latest cards plan by Pokemon, which already is available on PC, is not a change in the company’s direction.

Investors, who are hoping that Nintendo introduces games for smartphones, might boost shares of the company, said the analyst.

Satoru Iwata the president of Nintendo ruled out the licensing of franchise characters of Nintendo for smartphone or online game applications.

Tying the iconic Nintendo characters to its own hardware has helped to increase demand for the Wii, which has sold over 100 million consoles and became the best selling console worldwide.

The share price at Nintendo has fallen in four of the past six years through the end of 2013, and has plummeted by over 80% since the start of 2008.

The Nikkei Index reported this past January that the company would give free mini-games to be used in smartphones. That system would give consumers the ability to purchase games on the Internet through smartphones, said the report.

The Pokemon game will become available for Europe and the U.S., though the timing of its release has still not been determined.

 

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