The value of video game maker Nintendo, which had risen $17.6 billion since the release of Pokemon Go, gave back $6.7 billion in valuation on Monday. The 18% decline was brought on by a number of factors, including the quick doubling of the stock over the last couple of weeks. But the main catalyst for the drop was a comment made by the company on Friday stating that the game would have a limited financial impact on the company. Nintendo said that even with the wild success of the game, there was no reason to revise its annual earnings forecast upward.
Nearly two weeks ago, we said that … – Source
Nintendo loses $6.4 billion in value after it says Pokemon Go will have a limited effect on earnings
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