• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechNintendo

Here’s How Nintendo Just Got a Whole Lot More Valuable

By
Hilary Brueck
Hilary Brueck
Down Arrow Button Icon
By
Hilary Brueck
Hilary Brueck
Down Arrow Button Icon
March 22, 2016, 8:02 AM ET
Nintendo's first mobile game with DeNA is actually a social messaging app, Miitomo.
Nintendo's first mobile game with DeNA is actually a social messaging app, Miitomo.Nintendo

Nintendo’s a little late to the smartphone game. The company’s first mobile app, Miitomo, debuted just last week to users in Japan.

But the new social messaging service has already garnered more than a million Japanese users and it is the No. 1 free download in the country’s App Store, according to data from App Annie.

Get Data Sheet, Coins2Day ’s technology newsletter.

Nintendo’s stock is getting a big boost off the news. Nintendo shares rose Tuesday more than they have in over a month in Japan, jumping 8.2%, as Bloomberg reports. It’s a promising sign for a company that has lost about 80% of its stock value since Apple’s iPhone came on the market back in 2007.

Miitomo, the app that takes its name from the same Mii characters built for Nintendo’s Wii console, asks users to build a social profile based around interests like favorite books or movies. After users build their Mii avatar, they can take off on the social networking app, chatting with other Mii characters and friends on the site, and taking and sharing photos with Miifoto.

For more on Nintendo, watch:

The app, which is available for download only in Japan, is expected to be released in countries around the world before the end of March. Nintendo partnered with Japanese mobile game and app publisher DeNA to build Miitomo, and the two companies are expected to release at least four more mobile games for iOS and Android over the coming year. Shares of DeNA are also up more than 6.5%.

Nintendo has already promised apps on the way for games like Mario and Donkey Kong.

About the Author
By Hilary Brueck
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.