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Nintendo’s stock is soaring after it announces Super Mario for the iPhone

Reuters/Beck Diefenbach
Nintendo Creative Fellow Shigeru Miyamoto stands next to the Super Mario character during an Apple media event in San Francisco on Sept. 7, 2016.
By Ian Kar
Published Last updated This article is more than 2 years old.

Nintendo’s ADRs rose more than 20% after the company announced it will be making a new Mario game for iOS at today’s Apple event.

Shigeru Miyamoto, Super Mario Bros. creator and video game designer, demonstrated the game, called Super Mario Run, at the Apple event. It slightly resembles the popular iOS game Temple Run. Mario and other characters run along a course and try to collect as many coins as possible. There’s also a battle mode, allowing you to compete with friends. It’s expected to ship by the holidays at an unspecified price.

The Apple Watch demo also showed off an app for Pokemon Go, developed by Niantic and in partnership with The Pokemon Company and Nintendo. Pokemon Go for Apple Watch can notify you of Pokemon and other items nearby. The app is expected to ship by the end of the year, according to Niantic CEO John Hanke.

Check out our continuing coverage of Apple’s event here.

Correction: An earlier version of this article said this was Ninetendo’s first native iOS game. It is the company’s third.

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