Nintendo said on Friday that the Pokemon Go phenomena would have little impact on its bottom line, causing share price to fall by almost 16 per cent this morning.
Nintendo owns just a third of the Pokemon Company, which will receive licensing revenue, and most of the profits are likely to Niantic who developed the game, according to the South China Morning Post. It may also make money from a specific part of the app called “Pokemon Go Plus”, according to reports.
Nintendo, said: “the income reflected on (Nintendo’s) consolidated business results is limited”.
This is despite Apple announcing Read full story ›
Source: The Drum
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