Mobile apps news roundup: Line removes gifts, GungHo bigger than Nintendo and more
Puzzle & Dragons creator GungHo reaches $15.1B market cap; higher than Nintendo — As pointed out by industry watcher Dr. Serkan Toto, GungHo Online Entertainment’s market cap, the Japanese company behind the wildly success mobile game Puzzle & Dragons, reached as high as 1.54 trillion yen ($15.1 billion) on Monday on the Osaka Stock Exchange, higher than Nintendo’s market cap of 1.53 trillion yen ($15.0 billion). It’s highly lucrative puzzle and RPG title currently has 13 million downloads in Japan, while pulling in $113 million in sales in April.
Apple clamps down on Line, users can no longer send virtual items as gifts — Japanese company Line Corp.’s removed a gift sharing feature from its iOS version of messaging app Line at the request of Apple.
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