Nintendo stocks go down by 18% after they explain that it doesn’t own Pokemon

As Nintendo revealed that they only own 32% of the Pokemon Company, and they are not the complete owner of Pokemon, so their stocks drop 18%.

Pokemon Go

So far Pokemon Go concern, Nintendo estimated earning only around 13% off all Pokemon Go sales, which is a lot lower than what the market expected given the close links between Pokemon and Nintendo.

Most people assumed that Nintendo outright owns the Pokemon brand, which causing the markets to overreact to the point where Nintendo’s market value had doubled after the release of a mobile application, in reality, Nintendo didn’t earn much revenue from it. Although the stock price didn’t increase just for Pokemon Go, also Nintendo Mini NES and game announcements for the Nintendo NX also contribute to the increase, So may not drop so much, but it is going to be downwards for this recent statements.