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Nintendo shares up 8% on the success of Miitomo

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Yesterday we reported that Nintendo’s newest mobile app Miitomo had managed to reach one million downloads in just three days, despite only being available in Japan currently. That’s good news for Nintendo, but it’s even better news for stockholders, as Nintendo’s stock has jumped up 8% since that announcement. It seems as though stockholders have faith that Nintendo will be able to pull off their mobile plans.

Dr. Serkan Toto, the chief executive of consultancy firm Kantan Games spoke to CNBC about Nintendo’s success in the mobile realm.

“If these guys launch a full Mario mobile game with half decent monetization techniques then I think Nintendo can have multiple times that number of users they reached with Miitomo.”

What do you think? Do you agree with Serkan Toto, that Nintendo could have a much expanded userbase for an actual Mario game on mobile? Would you play it? Let us know in the comments.

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