Investors Find out Nintendo Didn’t Make Pokémon Go, Shares Drop

Investors Find out Nintendo Didn’t Make Pokémon Go, Shares Drop

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



 

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Comments Comments (8)

 
Posted by MonkeyMan
On Tuesday 26 Jul 2016 9:29 AM
1
Haha most of us saw this coming.
The middle paragraph is a little misleading through as it appears to say nintendo released a statement about the stock value drop when really they released a statement about not making pokemon go which caused the drop. But the statement was an interesting read as it seems they are going to release the pokemon go plus bracelet thingy
 
 
 
Posted by MonkeyMan
On Tuesday 26 Jul 2016 9:30 AM
1
Also I did not realize those mobile animal crossing and fire emblem games were a thing, I am very excited for them now
 
 
 
Posted by toner
On Tuesday 26 Jul 2016 9:34 AM
2
I hope smart investors put money into Nintendo stocks before the launch of GO and sold them before this announcement
 
 
 
Posted by Bank
On Tuesday 26 Jul 2016 9:54 AM
1
Of course it wasn't made by Nintendo. That's gotta' be common knowledge - because it is fascinatingly the ugliest thing that has ever been associated with Pokemon gaming.
 
 
 
Posted by Tin-Automaton
On Tuesday 26 Jul 2016 10:04 AM
-
26 July 2016, 09:29 AM Reply to MonkeyMan
Haha most of us saw this coming.
The middle paragraph is a little misleading through as it appears to say nintendo released a statement about the stock value drop when really they released a statement about not making pokemon go which caused the drop. But the statement was an interesting read as it seems they are going to release the pokemon go plus bracelet thingy
Error on my end - corrected. :D
 
 
 
oconnomiyaki
Posted by oconnomiyaki
On Tuesday 26 Jul 2016 10:13 AM
2
The title is a bit misleading, as it is on the clickbait hole that is The Verge. It's not that investors were under the impression Nintendo made Pokémkn Go; it's that they didn't realise that Nintendo had already calculated what they expected to get from their share into their projected earnings. Nintendo clarified this yesterday and that's why you see the stock price tumble. The investors thought that the unprecedented hype would lead to an unexpected increase in revenue and profits for Nintendo and it turns out Nintendo already expected this.
 
 
 
Posted by Kyimo
On Tuesday 26 Jul 2016 1:29 PM
1
do investors not do any research or something before going insane?
 
 
 
Posted by emetic
On Tuesday 26 Jul 2016 3:49 PM
-
26 July 2016, 09:54 AM Reply to Bank
Of course it wasn't made by Nintendo. That's gotta' be common knowledge - because it is fascinatingly the ugliest thing that has ever been associated with Pokemon gaming.
Nah i didn't know.