Share

Nintendo shares slump by most since 1990 on dashed Pokemon Go hopes

Nintendo’s initial huge gain from the app appears to simply be from investors and shareholders wrong beliefs that they were exclusively responsible for Pokemon Go. Shares in Nintendo plummeted the daily limit of 18 percent on Monday after the legendary gaming company told investors that Pokemon Go will have only a “limited” effect on its bottom line.

Advertisement

However, there’s still more to come from Pokemon Go, parts of the game that weren’t ready at launch and elements to look forward to.

“Even if Pokemon Go does not directly contribute to Nintendo’s earnings, it owns other characters like Super Mario and Zelda”.

But apparently, Pokemon Go players can be considerate.

Trading is something that was core to original Pokemon games and it has been mentioned in relation to Pokemon Go previously. This includes more customization at PokeStops, such as one that could turn it into a Pokemon Center for healing your friends after battle. That represents the most it’s fallen since 1990. Reddit users have formed a thread titled “Pokemon Go Release Status – Asia” to help track “Pokemon Go” release and availability in Asia.

“The market has overreacted to the Nintendo statement”, said David Gibson, a senior analyst at Macquarie Securities Group, noting the game in Japan had broken records with 10 million downloads in one day. Nintendo has about a 13% stake in the game.

“While Pokemon Go dominates the news cycle, data should determine the attention that it deserves in marketing strategies for retailers and restaurants”, Shim said. The question for its latest incarnation is whether it can remain as popular as it has become for a long period of time. The question is whether the fad will burn out leaving Go just another fad like pogs or silly bands, or whether it will retain a long-term audience.

Advertisement

Now that Niantic seems to have chosen Hong Kong as the next place to release the app, fans in Asia are hoping that they will continue releasing the apps in Asia first.

How To Download Pokemon Go Apk App For Android iOSHow To Download Pokemon Go Apk App For Android iOS