Pokémon Go became an overnight sensation, and savvy investors bought Nintendo stock, causing the share price to spike. But when Nintendo issued a statement to remind everyone that its stake in the app is just 13 and that revenue from the game was already taken into account in its forecasts, the stock price plummeted 18%, after which the Tokyo stock market halted trading to prevent a further decline.
The correction comes after Pokemon Go’s release almost doubled Nintendo’s stock through Friday’s close, adding $17.6 billion in market capitalization. Nintendo is a shareholder in the game’s developer Niantic Inc. and Pokemon Co., but has an "effective economic stake" of just 13 percent in the app, according to an estimate by Macquarie Securities analyst David Gibson.
“It’s still possible to say that in the short-term it’s overheated,” said Tomoaki Kawasaki, an analyst at Iwai Cosmo Securities Co.
Now that we’re a month past peak Pokémon Go, developers would be wise to incorporate Wendy Borg’s elegant proposed UI redesign to maintain interest.
Here’s a good collection of tips for playing Pokemon Go. I didn’t know any of them. [via]
Particle is a company makes low-cost Wi-Fi and cellular connected microcontrollers for prototyping the Internet of Things stuff. TJ Hunter used a Particle Electron and a GPS chip to make a Pokéball that wiggles when a rare Pokémon is nearby. Here are Hunter’s build instructions.
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