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Nintendo Stock Loses Ground On Report Of Pokemon GO Delay For Japan
This means that they have doubled their market value since they launched “Pokemon Go” earlier in July. The email was discussing details regarding McDonald’s Japan sponsoring a gym, which then circulated online in the country.
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Investors and analysts are betting the success of the game, available officially in 35 countries and played in many more, will be transformational for Nintendo.
“Such (fake) apps are feared to contain malicious code that lures users into subscribing to unnecessary services or can take over their phones”, police said.
McDonald’s is probably the first company that will have sponsorships inside the viral Pokemon Go game. Everyone and their uncle is playing Pokemon Go, as you might have noticed if you’ve stepped outside in the past couple of weeks.
Sales of Pokemon-branded Happy Meals have already led to shares in the fast food chain rocketing, Bloomberg reports.
McDonald’s Japan, which will become Nintendo’s first official partner when the game launches in the country, has also seen a sharp rise in its share price.
As of Tuesday’s close, Nintendo had added $23 billion to its market capitalisation in heavy trade since the July 6 launch of the game in the United States, Australia and New Zealand.
Pokemon Go is expecting a big response in Japan-the birthplace of Pokemon-and it has waited to make sure its servers can handle the demand, according to Tech Crunch.
At the lunch break in Tokyo, the benchmark Nikkei 225 index dipped 0.72 percent, or 120.41 points, to 16,602.90, having jumped more than 10 percent in the previous six trading days.
According to USA -based TechCrunch, which had reported the app would be available Wednesday, the release was delayed because a McDonald’s employee leaked information on the “Pokemon Go” debut that later spread online.
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A Reuters report reveals another Pokemon Go release dates update in an interview with Niantic Chief Executive John Hanke. The game has yet to be released in Japan and the rest of Asia.