Sci/Tech

Launching of Pokemon Go Plus Postponed, Nintendo Stock Value Declines

After declaring an incurred $233 million net loss for the recent quarter, Video Game and Console manufacturer Nintendo has announced the delay of the launch of its Pokemon Go Plus app.

The Pokemon Go Plus is an add-on device aimed towards improving one’s gaming experience with Pokemon Go. It was also viewed as another means to generate even more profit from the already successful Pokemon Go app.

Instead of the end of this month, the launch of Pokemon Go Plus is slated in the month of September. Nintendo, however, did not state any reason for postponing the said launch.

No direct reason has been stated regarding this postponement.

Meanwhile, stock value of Nintendo has gone down by 30% from a recent spike in Nintendo’s market value, brought about by the release and success of Pokemon Go.

Other business aspects at Nintendo, posted poor performance levels as well. Sales for the recently-concluded quarter dropped by 30% compared to the same period last year. This decline was brought about by poor sales of its Wii U console components.

Other reasons cited by Nintendo include the strong performance of the Japanese Yen. The company however, remains positive, claiming that Pokemon Go will not have a great effect on its bottom line.

Also, Nintendo still expects an annual profit totalling to 35 billion Yen, totalled until March 31, 2017.

 

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