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.
Via: Reuters
Source: Bloomberg
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