News for hackers. Stuff that matters.

A comment on Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited. Parent comment

Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by oatmale on Monday July 25, 2016 @01:20AM (#12156615)
I doubt that they don't care about dropping 17% in a single day. Losing 6 billion dollars of valuation in a single day is enough to put heads on the chopping block. It is a staggering amount of money to lose especially with the possibility of getting de-listed in the Tokyo Stock Exchange
[ Parent | on HN ]
Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by lokedhs on Monday July 25, 2016 @01:39AM (#12156704)
But they didn't lose any money. The stock valuation did. Valuation that had recently been inflated due Pokemon Go.

Until Pokemon, Nintendo had been hovering at 15k since the beginning of the year. As of this writing it's at 23220.

All we can take away from this is that Nintendo is still in trouble, just like they have been since before the release of Pokemon Go.

[ Parent | on HN ]
Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by Aloha on Monday July 25, 2016 @02:19AM (#12156817)
Was it in trouble before?
[ Parent | on HN ]
Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by lokedhs on Monday July 25, 2016 @03:18AM (#12157028)
Yes, the release of the Wii U a few years ago turned out to be a failure, and the sales of the 3DS is dropping off. They have announced their new console, the Nintendo NX, but have released next to no information about it (people don't even know if it's a console or a handheld).

Here's an article about it written before Pokemon Go came out: http://www.ign.com/articles/2016/04/27/why-nintendo-is-in-re...

[ Parent | on HN ]
Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by umanwizard on Monday July 25, 2016 @01:39AM (#12156701)
They didn't lose any money or anything else of value. The wisdom-of-the-crowds appraisal of the value of their company changed. That's it. Nintendo didn't "lose" anything.
[ Parent | on HN ]
Re:Nintendo Plunges After Saying Pokemon Go’s Impact Is Limited by hkmurakami on Monday July 25, 2016 @02:50AM (#12156927)
This is a Japanese Bigco we're talking about here. Literally no heads are on the chopping block with this.
[ Parent | on HN ]