“Pokemon Go” is a joint venture of Niantic and the Pokemon Company.
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What fans did get for attending the Pokemon Go panel was a first look at the art of the various team leaders – Blanche, Candela and Spark – whom players have seen only as silhouettes when prompted to select a team.
For more news about Pokemon Nintendo Shares and Pokemon GO Update, stay tuned as there will be more updates in the coming weeks regarding the game.
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.
Nintendo Co. owns just 13 per cent of Niantic, the San Francisco-based mobile developer which was spun out of Google and developed and distributed the game.
Nintendo only owns 32 perceent of the Pokemon Company, the owners of the Pokemon brand, and the licensing rights to the world-wide sensation game, Pokemon Go.
The Japanese gaming giant lost $6.7 billion of its market value on Monday after a letter to investors late Friday made it clear that the company didn’t actually develop or publish Pokemon Go.
“Because of this accounting scheme, the income reflected on the company’s consolidated business results is limited”, Nintendo said in a press release.
As can be expected when any size group of Pokemon Go aficionados is assembled, the team rivalries were played up as the room cheered and booed for Teams Mystic or Valor.
He calls “Pokemon Go” a game “we expect to run for years” and adds “we’re going to continue to invest in that way”.
Its shares dropped 17.7pc, the maximum allowed in the Nikkei index -but despite this they are still 60pc higher than before the game’s release.
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Nintendo has an IBD EPS Rating of just 6, meaning it has been outperformed by 94% of publicly traded companies in the last 12 months on earnings per share.
