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.
Continue reading “Nintendowned: Amazon sells out of the NES Classic Edition in (null) seconds”
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.
Continue reading “Nintendo reports $49M loss as Pokémon Go halo fails to shine”
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.
Continue reading “Nintendo loses billions in value after ‘Pokemon Go’ truth bomb”