Nintendo Shares Plummet After Realization New Information Regarding Pokémon Go

This is why investors should do proper research

By Grayshadow, Posted 25 Jul 2016

After a recent clarification regarding Nintendo's stake in Pokémon Go, the widely world popular Pokémon application, Nintendo's shares dropped significantly.

Pokémon Go,Pokémon Go NoobFeed,Nintendo,NoobFeed,

Following the release of Pokémon Go Nintendo's shares went skyrocketed, surpassing Sony. After reporting its first-quarter results this week Nintendo issued a press release stated that the impact of Pokémon Go will be "limited" and wouldn't be revising their annual profit forecast. 

In an official statement Nintendo stated that:

"The Company owns 32% of the voting power of The Pokémon Company. The Pokémon Company is the Company’s affiliated company, accounted for by using the equity method. Because of this accounting scheme, the income reflected on the Company’s consolidated business results is limited."

Following the release of this information shares fell 18%, making this the biggest drop in the company's shares since 1990.

Regardless Nintendo is still rising high since the release of Pokémon Go, with shares doubling since the application was released at the beginning of July.

Adam Siddiqui, NoobFeed
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General Information

Platform(s): Mobile
Publisher(s): Nintendo
Developer(s): Niantic, Nintendo
Genres: Adventure
Themes: Fantasy
Release Date: 2016-07-06

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