Tuesday, February 7, 2023
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Mobile Apps

Nintendo Shares Tumble As People Realise It Doesn’t Make Pokemon Go

by Farhan
July 25, 2016
283
SHARES
Share on FacebookShare on Twitter

Nintendo’s high flying stock has come crashing back to earth after investors realised that the company doesn’t make Pokemon Go. This comes after the immensely popular augmented reality game propelled its valuation above rivals Sony for the first time in decades.

The value of Nintendo’s stock on the Tokyo stock exchange fell by 18-percent overnight; wiping out roughly 708 billion yen (about RM27.3 billion). Bloomberg reports that this could have been a larger number, but the Tokyo stock exchanges has rules that prevent the value of a share from dropping more than 18-percent in a single day.

Pokemon Go Malaysia

Pokemon Go is a joint effort between The Pokemon Company and Niantic Labs, neither of which happens to be Nintendo. To be fair, Nintendo did introduce Pokemon to the world and happens to own 32-percent of the Pokemon Company. However, the lack of direct relation has caused investors to dump their shares and cause the value to crash.

ADVERTISEMENT

The cause of this realisation happens to be a notice from Nintendo about its consolidated financial forecast. The company clarified its position with Pokemon Go, and explained that the previous forecast had already included the potential income from the AR game. In other words, there was not going to be a sudden windfall for shareholders.

Pokemon Go Plus

Nintendo’s crash also had the knock on effect of dragging several Pokemon Go partners down with it. McDonald’s (which is the first sponsored location partner) dropped by 12-percent; while Pokemon Go Plus device maker Hosiden Corp. sank by 16-percent.

[Source: Bloomberg]

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

Filed Under NianticnintendoNintendo Pokemon Gopokemonpokemon companyPokemon GoPokemon Go Malaysiapokemon malaysiaThe Pokemon Company
Back to top
Share113Tweet71SendShare

RELATED ARTICLES

E3 generic
Gaming

PlayStation, Nintendo, Xbox Will Be Absent For E3 2023

by Ian Chee
January 31, 2023
Nintendo Switch OLED Pokemon Scarlet Violet dock
Gaming

Pokemon Scarlet And Violet To Get Next Major Patch In Late February

by Ian Chee
January 14, 2023
Gaming

Pokemon Legends: Arceus Is My Game Of The Year 2022

by Ian Chee
January 12, 2023
Pokemon scam
Security

Hackers Use Fake Pokemon NFT Card Game To Take Over PCs

by Ian Chee
January 9, 2023

ADVERTISEMENT

LOWYAT.TV

No Result
View All Result

TRENDING TODAY

  1. 1
    Mobile Phones

    Samsung Galaxy S23 Ultra Goes Official: Price In Malaysia Starts At RM5,699

  2. 2
    Transportation

    Believe It: We Just Paid For A MRT Ride In Kuala Lumpur Using An Apple Watch

  3. 3
    Apps

    Nintendo Shares Tumble As People Realise It Doesn’t Make Pokemon Go

  4. 4
    ISP

    Time To Roll Out Pakej MyKabel This March: 100Mbps At RM69 Per Month

  5. 5
    Transportation

    Rapid KL To End Kumpool T250 Feeder Bus

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2023 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2023 LOWYAT, LLC. ALL RIGHTS RESERVED.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to improve your experience. Learn More.