Skip to content

In Business.ae

Menu
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Weather
  • General
Menu

Nintendo admits it’s not making much money off ‘Pokémon Go’, loses $6.7 billion in market value – InBusiness

Posted on October 7, 2021August 17, 2022 by Curtis Johnson
Entertainment

Nintendo admits it’s not making much money off ‘Pokémon Go’, loses $6.7 billion in market value

1 week ago by inbusiness
0 0 0 0

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f155130%2fnintendo

The story of Nintendo’s surging share price this July has been a real stock market fairy tale — the company’s value more than doubled after the global success of Pokémon Go, even though the game is made by a different company, the San Francisco-based Niantic. 

Surely Nintendo, the publisher of the original Pokémon games on Game Boy, must feel some benefit of the new game’s success?

Well, not really. In a statement [PDF link in Japanese] Friday, Nintendo said the impact of Pokémon Go on its finances will be “limited,” explaining that it only owns 32 percent of the Pokémon Company, which owns the intellectual property rights for the Pokémon franchise. 

More about Pokemon, Pokemon Go, Nintendo, Business, and Mobile

Read More

Related posts:




–
4 days ago

The depressing truth about ‘Pokémon GO’ — there’s no possible…




–
4 days ago

Pokémon Go Plus wearable launch date pushed back to September




–
4 days ago

No, you can’t catch legendary Pokémon in ‘Pokémon GO’




–
4 days ago

Investors realize Nintendo didn’t develop Pokémon Go and shares plummet




–
4 days ago

‘Pokémon Go’ daily active users are slipping, but is the…




–
4 days ago

‘Pokémon Go’ launches in Hong Kong

0 0 0 0

Recent Posts

  • Ukraine exhibition explores our "fragile state"
  • Oil Prices Decline Sharply
  • A 12-time Olympic medalist reveals her eating habits during training
  • Business and IT Disconnected Over IoT, Creating Widely Disparate Adoption Rates across EMEA: Aruba Study
  • Dollar Recovers with Dudley's Comments

Categories

  • Bankruptcy
  • Black Dress
  • Business
  • Finance
  • General
  • News
  • Technology
  • Weather
© 2023 In Business.ae | Powered by Superbs Personal Blog theme