2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • Oh Shit – Nintendo Loses $6.7 Billion As It Turns Out They Won’t Be Making Money From Pokemon Go

    26 Jul 2016 by Sloane Hunter in America, Finance, Gaming, Money
    Related Posts
    • Another Peculiar Japanese Business Helps Battered People Disappear Without A Trace [Video]
    • Woman Scammed By 'Astronaut' Who Needs A Rocket And Money For Landing Fees
    • Friday Morning Spice
    • Yale Professor Suggest Mass Suicide Or Seppuku For Japan's Aging Population
    • Wave Of Sushi Terrorism Grips Japan

    Whoops.

    You may or may not have been paying attention to all things Pokemon Go-related recently, but the headlines said it all: Nintendo’s stocks had risen a ridiculous amount, more than doubling the company’s value from before the game was released.

    But Pokemon Go, in fact, has been released by San Fran-based company Niantic – and it has only now been realised by investors that although Nintendo is the OG publisher of Pokemon games on Game Boy, they’re not exactly reaping the rewards of Niantic’s Pokemon Go.

    Mashable continues:

    In a statement 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.

    Furthermore, even though Nintendo plans to start selling a game-related peripheral under the name Pokémon Go Plus, the financial impact from that operation has already been factored into the company’s previously announced earnings forecast.

    None of this is really new, but it appears to be news to investors, which initiated a frantic selling session Monday, with Nintendo’s stock price falling 18 percent (the maximum a stock can drop in one day on the Tokyo stock exchange), wiping some $6.7 billion in market value.

    But despite all that, things are still looking pretty sound for the company.

    The company’s stock price is some 65 percent higher than it was prior to the Pokémon Go launch on July 6, and its quarterly earnings, which will be announced this Wednesday, are forecasted to be significantly better than last year according to Bloomberg.

    While Pokemon Go has only just been released on its home turf – Japan – the obvious next step is China. But nope – GPS data is needed to use the game properly, and that is restricted in the country.

    Go us for having all the freedoms. I just really hope Niantic is responsible with all the data it is receiving.

    [source:mashable]

    • ← They’ve Arrested Krejcir’s Playboy Playmate (Daughter Of Umkhonto WeSizwe Leader) – Here’s Her Most Memorable Photo Shoot
    • Leonardo DiCaprio And The R14 Million Grahamstown Artist →
    • Tweet
    • Tags:
    • investment
    • Japan
    • niantic
    • nintendo
    • Pokemon
    • pokemon go
    • shares
    • stock prices

    Latest News

    • Don’t Worry, The Fire On Table Mountain This Morning Was For A Reason [Video]

      [imagesource:twitter/@TableMountainNP] Everyone has been freaking out about the massive...

    • Wednesday Morning Spice

      [imagesource:flickr] Oscar Pistorius Up For Parole In Reeva Steenkamp's...

    • ‘Convicted Murderer’ George Barkhuizen Released After Overturned Conviction

      [imagesource:twitter/news24] The man once dubbed a "psychopath" and "wife-killer" by Pa...

    • Police Release Scary Video Of Nashville Shooter Stalking School Hallways [Video]

      [imagesource:libertyuni] There is not a weekly news cycle that does not include a mass ...

    • Another Peculiar Japanese Business Helps Battered People Disappear Without A Trace [Video]

      [imagesource:guidable/canva] In 2021, around 80 000 people were reported missing in Jap...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo