Nintendo skyrockets on Super Mario game for iPhone

Apple CEO Tim Cook introduces a Super Mario game during an Apple event inside Bill Graham Civic Auditorium in San Francisco, California on September 07, 2016.   Apple is expected to introduce a new iPhone and perhaps a second-generation smartwatch as it polishes its lineup of devices to shine during the year-end shopping season. The rumor mill has been grinding away with talk of iPhone 7 models that will boast faster chips, more sophisticated cameras, and improved software while doing away with jacks for plugging in wired headphones.  / AFP PHOTO / Josh Edelson
Apple CEO Tim Cook introduces a Super Mario game during an Apple event inside Bill Graham Civic Auditorium in San Francisco, California on September 07, 2016.
Apple is expected to introduce a new iPhone and perhaps a second-generation smartwatch as it polishes its lineup of devices to shine during the year-end shopping season. The rumor mill has been grinding away with talk of iPhone 7 models that will boast faster chips, more sophisticated cameras, and improved software while doing away with jacks for plugging in wired headphones./ AFP PHOTO / 

TOKYO, Japan (AFP) — Nintendo skyrocketed in early trade Thursday after the Japanese gaming giant and Apple announced that an exclusive Super Mario game will be available on iPhones later this year.

The Tokyo-listed stock surged 18 percent to 29,200 yen ($287) in response to the news.

Apple and Nintendo jointly announced that “Super Mario Run”, featuring Nintendo’s iconic game character, would be sold in App stores for exclusive use on the US firm’s hugely popular smartphone.

“We have created Super Mario Run to be perfect for playing on your iPhone,” said Shigeru Miyamoto, who created the Mario character more than 35 years ago.

Nearly an hour after the opening bell, Nintendo eased back, but was still up 13.54 percent at 28,040 yen.

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