Nintendo shares have risen 5 percent after announcing the release date of the much-awaited "Super Mario" game for Apple's iPhone devices. Investors are hoping that the iconic gaming franchise will be able to follow on Pokemon Go's successful outing.
Nintendo Latest News & Update: "Super Mario Run" Might Not Be As Successful As Pokemon Go
BBC writes "Super Mario Run" will be available at Apple's App Store in December 15 this year. The announcement triggered a 5 percent increase in Nintendo's price per share. However, analysts saw that "Pokemon Go" did not really meet the gaming giant's expectations, as the popular game was free to download and the license was owned by another company: Niantic.
Nintendo's stock price increased by as much as 5.5 percent before falling back 2.77 percent at 25,500 yen on the Tokyo Stock Exchange. Gaming companies are banking on the smartphone arena as they are considered to be the fastest source of income. Nintendo has previously been criticized for not capitalizing on the current trend.
Nintendo Latest News & Update: "Super Mario Run" Is Nintendo's Entry To Mobile Gaming
After failing to ride the wave of companies banking on the new emerging market, Nintendo has vowed to to enter the fold; promising new games that will be available in 2017. Last year, Nintendo announced that it agreed to partner up with the Japanese mobile specialist DeNa to bolster its line-up for mobile games.
"Super Mario Run" will be priced for $10 on the Apple App Store. Nintendo has yet to announce when the Android version for the game will be released. The company promised to unveil more gaming titles by March 2017.
