Investors Realize Nintendo Doesn't Make Pokemon Go, Stock Drops

Discussion in 'GBAtemp & Scene News' started by Tom Bombadildo, Jul 25, 2016.

  1. Tom Bombadildo
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    Tom Bombadildo Honk!

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    Since Pokemon Go was released, Nintendo has been all up in that money. With a century-record under their belt, it's safe to say the executives at Nintendo were rolling in the dough...that is, until investors realized that Nintendo themselves didn't make Pokemon Go.

    The Stock dropped a whopping 18%, resulting in a loss of $6.7 billion market value for Nintendo after their record breaking $4.5 billion surge on Friday. The stock dropped after announcing their 13% "economic stake" for the app itself.

    :arrow:Source
     


  2. BORTZ

    BORTZ "Another stunning Van Gogh"

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    So nintendo had no hand in this at all?
     
  3. Tom Bombadildo
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    Tom Bombadildo Honk!

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    Well no, Nintendo had very little to do with the app outside licensing Pokemon to Niantic. Niantic are the ones made the app itself and (AFAIK) makes the "most" off of it.
     
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  4. JinTrigger

    JinTrigger Asentrix Studios

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    I mean technically Ninantic (probably butchered that) developed it, right?
     
  5. Psionic Roshambo

    Psionic Roshambo GBAtemp Advanced Maniac

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    If the numbers are correct from what I have been reading Nintendo will still make a billion or two from Go over the next 2 years (assuming it doesn't fizzle)

    Either way it's fun to watch.
     
  6. RevPokemon

    RevPokemon GBATemp's 3rd Favorite Transgirl

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    Either way Nintendo stock would of gone down eventually as fads like this die out. Pokémon Go shows how out of touch Nintendo is. Although I am shocked investors didn't even check out the facts before evaluating Nintendo stock.

    — Posts automatically merged - Please don't double post! —
    Never mind
     
    Last edited by RevPokemon, Jul 25, 2016
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  7. DaniloLemes

    DaniloLemes Newbie

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  8. DiscostewSM

    DiscostewSM GBAtemp Guru

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    Maybe I missed something, but I didn't see anywhere in the article that the drop was due to investors finding out Nintendo didn't make Pokemon Go.
     
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  9. RevPokemon

    RevPokemon GBATemp's 3rd Favorite Transgirl

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    Yes as that is with DeNA through a partnership
     
  10. DaniloLemes

    DaniloLemes Newbie

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    It could be comic if it was not tragic
    Tragico.jpg
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    Last edited by DaniloLemes, Jul 25, 2016
  11. Fabax01

    Fabax01 Advanced Member

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    Oof! Taken down!
    STOCK? The money the INVESTORS dropped. It's here somewhere.


    Warning: Spoilers inside!
     
  12. sarkwalvein

    sarkwalvein Professional asshole at GBATemp

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    AFAIK, Nintendo is one of the shareholders of Niantic anyways. So to some extent, Niantic belongs to Nintendo, Google and some others*.
     
  13. RevPokemon

    RevPokemon GBATemp's 3rd Favorite Transgirl

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    Yeah but they still own alot less then what investors thought
     
  14. TheVinAnator

    TheVinAnator GBATemp's Greatest Vin

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    All I can say is: LOL
     
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  15. dreary79

    dreary79 GBAtemp Regular

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    The Pokemon license will increase in value so much from Go that there stocks may not continue to drop. Even if they do they should go back up again. Between deals with chains like McDonald, toys, video games, collectable cards, clothing and other collectables Nintendo is going to make a lot of money on the Pokemon license. Hopefully they don't screw this up like they did with the Wii U.
     
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  16. McHaggis

    McHaggis Fackin' Troller

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    Google, Nintendo and The Pokémon Company (also partly owned by Nintendo) invested into Niantic, along with smaller amounts by venture capitalists.
     
  17. Bladexdsl

    Bladexdsl ZOMG my posts...it's over 9000!!!

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    investors realized "wait a minute those are the guys that did the wiiu quick sell!" [​IMG]
     
  18. nolimits59

    nolimits59 GBAtemp Fan

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    Yeah, because Nintendo NEVER suppervised or validated or given any directives about the game, OF COURSE Nintendo is not involved AT ALL an don't own any part of Pokemon compagny, game freaks, or Niantic... yeah... Nintendo didn't made anything of pokemon go... yeah... damn how stupid it sound when you say it ! x)
     
  19. vayanui8

    vayanui8 GBAtemp Maniac

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    I was surprised when I heard it was Nintendo's stocks that rose from this, I suppose it makes alot more sense now
     
  20. tech3475

    tech3475 GBAtemp Advanced Fan

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    Investors saw it was popular and thought popular == profit, Ive heard allot of investment is also handled by computers now which doesnt help.

    It was just a matter of time before something happened to cause the shares to decline.