Nintendowned: Amazon sells out of the NES Classic Edition in (null) seconds

We knew the NES Classic Edition, with its retro aesthetic and solid game selection, would be hard to get at first, but this is some next level, Tickle Me Elmo-style demand. Amazon, which made its supply of the console available at 2PM Pacific today, sold out in what appeared to be less than a minute.

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Nintendo reports $49M loss as Pokémon Go halo fails to shine

It’s finally here, folks: Nintendo’s quarterly earnings day has never been so anticipated. But the Pokémon phenomenon hasn’t translated into success for the games giant — Nintendo carded a $49 million loss (5.13 billion yen) for Q1 2016 on revenue of $587 million (62 billion yen), down 30 percent.

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Nintendo loses billions in value after ‘Pokemon Go’ truth bomb

Pokemon Go is an unprecedented success, but Nintendo recently admitted it won’t directly profit from the augmented reality game, leading to a loss of $6.7 billion in Nintendo’s market value on Monday. Nintendo’s market value rose by $7.5 billion on July 11th, just after Pokemon Go went public and became an instant, massive hit across the globe. Since its launch, Pokemon Go has added nearly $12 billion to Nintendo’s market value, meaning today’s dip, while sizable, isn’t a total disaster for the company.

 

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