Nintendo’s stock drops after describing Pokemon GO’s financial impact as “limited”
Posted on July 25, 2016 by Jake in News
Nintendo’s stock, which has been enjoying considerable growth since the release of Pokemon GO, took a sharp hit after the company stated on Friday that the success of the game would have only limited impact on the company’s finances. Following the announcement, their stock fell by 17%. Their press release stated that they were not planning to change their annual forecast, and that the game’s upcoming companion device, Pokemon GO Plus, had already been factored in their estimates.
