Pokemon ‘No’: Nintendo Suffers Worst Week In 27 Years

After admitting to investors last Friday (after the close) that they won’t be able to rely on Pokemon Go to bolster profits, the company came clean this week that a widely anticipated accessory for the blockbuster app will be delayed until September. The effect is simple – Nintendo shares are down 27% this week – the worst week since Aug 1989 (when the exuberance over Super Famicom died).
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Thanks to this double Pokemon “no,” Nintendo has lost over $14 billion of market capitalization in the last week.

This post was published at Zero Hedge on Jul 28, 2016.

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