Imagine my surprise when I saw in a Reuters article that Nintendo's shares, despite the craze of Pokemon Go, tumbled as much as 18% on a single day. According to the article:
"Shares of Nintendo Co (7974.T) tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings.
Nintendo said after the market closed on Friday that it had already factored in anticipated revenues from its Pokemon GO Plus device - an accessory worn on the wrist to alert players of nearby monsters to catch - and that it had no plans to revise its annual earnings forecasts for now."
Naturally, following the success of the game, there has been massive buying of Nintendo shares , and the stock indeed has grown by 60% compared to levels before the game launch. However, despite that fact, during intra-day, the shares slipped by 4965 yen,just shy of the 5000 yen limit per day.
So what do you think monkeys? Is this a temporary slide, or is this craze temporary? More importantly, is this one game enough to turn Nintendo's business around?