
“After debuting in the U.S. earlier this month, Pokemon Go launched in Japan on Friday and became available in Hong Kong on Monday.
The correction comes after Pokemon Go’s release almost doubled Nintendo’s stock through Friday’s close, adding $17.6 billion in market capitalization. Nintendo is a shareholder in the game’s developer Niantic Inc. and Pokemon Co., but has an “effective economic stake” of just 13 percent in the app, according to an estimate by Macquarie Securities analyst David Gibson.”
Nintendo Slumps By Most Since 1990 on Dashed Pokemon Go Hopes – Bloomberg
This is madness. Nintendo has spent years looking for a future. Trying to find a new profit stream, they’ve just found it. The 13% is for Pokemon Go, not all the other games that can reuse the same principles.
Nintendo has just discovered what it’s future looks like but the markets are punishing them because they needed a guide to help them!