That said, Comic-Con’s decision to upgrade the Pokemon Go panel to Hall H was warranted – the room was packed with fans who speckled the darkened room with light from their cellphone screens as they played the mobile game throughout the presentation.
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Nintendo is trying to rebound this week after its shares had their worst drop in 16 years at the close of Tokyo’s stock market Monday. Nintendo admitted it would not directly profit from the augmented reality game, which eroded $6.7 billion from Nintendo’s market value yesterday.
Bets that shares of videogame maker Nintendo will fall have quadrupled in the past week following a major rally sparked by the wild popularity of its Pokemon Go smartphone game.
It appears many investors either ignored or were simply unaware of Nintendo’s involvement with Pokemon Go.
The mobile phone game has been a worldwide success since it was launched on July 6, causing Nintendo’s value to double.
Nintendo released a stock market statement last Friday in which it stated that Pokemon Go, which has become the highest-grossing app in most of the countries it has been released in, would only have a “limited” influence on Nintendo’s profits.
Short interest in Nintendo stood at US$1.2 billion (RM4.89 billion) yesterday and was climbing ahead of the company’s first-quarter report tomorrow, according to financial analytics firm S3. “I believe that Pokemon GO will be material in the company’s earnings given the current trends for the game”.
Once investors discovered that Nintendo wasn’t set to gain as much from Pokemon Go as everyone assumed, Nintendo’s stock took a bit of a nosedive.
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And that brings us to the Pokemon Go Plus, a handy little device that will pair with the game and alert players to nearby Pokemon and PokeStops. Even with the fallout from the press release, the month of July has been a good one for Nintendo.
