Bloomberg is reporting that Nintendo’s shares rose 4% after news that the Pokemon Company is bringing the Pokemon Trading Card Game Online to Apple’s popular iPad. News of Mario Kart 8 selling over one million units in the United States also helped the share price rise. Nintendo’s share price has plummeted more than 80 percent since the end of 2007.
“We have been here many times before in regards to Nintendo’s tentative plans to introduce some of its characters for smart devices,” Amir Anvarzadeh, a manager of Japanese equity sales at BGC Partners Inc. in Singapore, said by e-mail. “This latest Pokemon cards plan which is already out on PCs is hardly a change in its direction.”