Following on from news last week – whereby Nintendo’s shares skyrocketed and their market value overtook that of Sony’s – investors have finally realised that they didn’t actually make the wildly popular Pokémon Go. As a result, the company’s shares dropped by 17.7 percent – which represents $6.4 billion USD according to Bloomberg.
Nintendo issued a statement, saying that the impact on their bottom-line would be “limited,” as they only own a 32-percent stake in The Pokémon Company – the actual publisher of the augmented-reality monster catching title.
Nintendo’s logo doesn’t appear anywhere in Pokémon Go, but confusion from investors obviously drove this event. The company’s own mobile initiative with DeNA is currently producing Animal Crossing and Fire Emblem titles, but their non-ownership of Pokémon Go has been clear since it was announced last year.
Source: The Verge