Nintendo Slumps as Pokemon Go Details Emerge

Nintendo looked like they had a landslide winner with Pokemon Go, but they have just let their investors (and the public) know that it wasn't originally their idea and that they only get about a 13% share of the App profits. This is a bit different picture than we all believed at launch and the shareholders reactied. Nintendo is still doing well, but they don't get everything that you're spending online.

In a press release after the market closed on Friday in Japan, the Kyoto-based company said the game’s financial impact will be "limited" and that it is not necessary to revise its annual forecast even after factoring in current conditions. It also said revenue from Pokemon Go Plus, a Nintendo-produced accessory for the game expected to go on sale soon, has already been factored into the current guidance.

Source: Bloomberg