If You Invested $1,000 In Nintendo Stock When Pokemon Go Was Launched, Here's How Much You'd Have Now
In 2016, the hit mobile game Pokemon Go was released and millions of people downloaded the game and went outside to try and "Catch Em All".
The game continues to be a hit, exceeding $ 1 billion in sales in 2020, the best year since its inception.
Pokemon Go recently celebrated its fifth anniversary and continues to be one of the best-played and most successful mobile games every month.
Nintendo Co (OTC: NTDOY) stocks rose higher when the game was released. The company was seen as the game's biggest winner as a 33 percent owner of The Pokemon Company and part owner of game developer Niantic Labs.
Related Link: Pokemon Has Its Best Year Ever: Why Investors Should Watch Out For Nintendo's Stock
Invest $ 1,000: Pokemon Go was released on July 6, 2016 and quickly topped the download charts.
Nintendo stock traded at $ 17.71 on July 6, 2016. An investor could have bought 56.47 shares in the game company at the time the game was released.
The 56.47 shares would be valued at $ 3,758.64 today, based on the Nintendo share price of $ 66.56 on July 29, 2021.
The investment would have produced a return of 276% or an average annual return of 55%.
Investing in Nintendo stock could have resulted in massive returns and also helped pay for additional in-game items like pokeballs and egg incubators.
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