Uh-oh. Pokémon Go may have temporarily caused a surge in Nintendo’s stock, but good things never last forever. And as more and more investors are being made aware of the fact that the Big N didn’t actually make the game, they’re beginning to back away. Nintendo’s share value has now dropped by 18%.
Nintendo owns a 32% stake in the Pokémon Company, and up until this point, they were responsible for publishing every single game in the series. But as they were not directly involved in the making of Pokémon Go, most of the profits from the game will instead go to Apple and Google instead.
Nintendo executives have been accused of being stuck in the past and unable to understand today’s gaming industry, as proven by their absurd Youtube Creators Program. At least they had the sense to realise that the handheld gaming market is dying, and that mobile gaming is the way to go.
Now Nintendo, if you’re reading this, please, please don’t screw up Codename NX. Please release a console that’s powerful enough to go up against its competition, encourage third-party development, and for goodness’ sake, market it properly. Otherwise, you may not have a bright future ahead.
Some of the coverage you find on Cultured Vultures contains affiliate links, which provide us with small commissions based on purchases made from visiting our site.
