The game has given a shot in the arm to Nintendo’s nascent move into mobile gaming – after it abandoned a longstanding consoles only policy. At one point following the game’s release, company shares surged by more than 120 percent, adding $23 billion to Nintendo’s market value.
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In addition to its stake in Pokemon Company, Nintendo has an undisclosed holding in Niantic – the game’s developer, which was spun off from Google.
Players may be catching all the Pokemon, but investors were less than impressed today after Nintendo revealed it would not be catching all the profits.
It also means that movie rights, fast-food deals and any other spinoffs Pokemon Go inspires only get to Nintendo through The Pokemon Co.
The actual usage of Poke Centers in this game are not exactly clear on what they will do as if there are many in an area around a gym this would make potions and revives useless as that so far battling gyms is the only way you would need to heal your Pokemon.
“Taking the current situation into consideration, the Company is not modifying the consolidated financial forecast for now”. I really never understood why Nintendo’s shares rose as much as 100% over the past week. This is why Nintendo’s logo does not appear anywhere on Pokemon GO, but yet investors somehow felt that the two were related.
The fall came as Japanese shares overall opened with solid gains boosted by strong USA trading last week.
During its first week, Pokemon GO users spent 75 minutes per day playing, versus only 35 minutes on the Facebook app, Forbes.com reported citing report gathered from 7Park Data? pulled from a multi-million panel of anonymous US Android users.
The smartphone app has now been launched in more than 40 countries, but until last week Japan – where Nintendo started the mythical creature franchise 20 years ago – was kept waiting.
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This post was syndicated from The Guardian NigeriaThe Guardian Nigeria.
