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.

Continue reading “Nintendo reports $49M loss as Pokémon Go halo fails to shine”

Yekaterinburg says it will keep the giant granite sphere painted by unknown artists to look like a Pokéball

The local authorities in the city of of Yekaterinburg have embraced the viral video game Pokémon in a big way, electing not to repaint a granite sphere located across from the regional government building on the Iset river embankment. The sphere in question was recently painted by unknown artists to look like a giant “Pokéball,” which players of the augmented-reality game Pokémon Go use to catch “Pokémons.”

“I don’t see any harm in it,” Yekaterinburg Mayor Evgeny Roizman told reporters, adding, “People like to play, and this is how they express their emotions. If this art object isn’t angering anyone, then let it stay there.”

Yekaterinburg officials say they’ve yet to receive any complaints about the “art installation.” The mayor noted that the city might simply wait, and remove the red-and-white paint sometime before August 18, when Yekaterinburg celebrates its founding anniversary.

Pokémon Go Plus wearable launch date pushed back to September

With Pokémon Go, delays are inevitable it seems. The game’s much-hyped launch in Japan was subject to cancelations last week, many people across Asia still don’t have the title — including China — and now it seems that the even Pokémon Plus, a wearable that accompanies the smash hit game, has had its arrival date pushed back.

Continue reading “Pokémon Go Plus wearable launch date pushed back to September”

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.

 

Continue reading “Nintendo loses billions in value after ‘Pokemon Go’ truth bomb”