>> You've got to catch them all. But Nintendo's announcement that Pokemon Go won't net them big profits has seen their shares catch a cold, the news sending stocks tumbling almost 18% on Monday. The game's release triggered massive buying in Nintendo's shares, so as Reuters markets correspondent, Victor Subidar, says, they're still looking healthy.
>> Even with today's fall, they're up about 60% since the day before the Pokemon Go launched in the US.>> Nintendo's announcement came on Friday, with a warning that the smash hit game would only have a limited impact on earnings. Pokemon Go was developed by a US affiliate, and Nintendo says income from licensing and fees will be limited.
But that might just be the short term outlook.>> I think the longer term view is that if Nintendo finally is going to start getting into mobile and launching things like Mario Brothers in the future, that is a big deal win for the company itself. So, maybe in the short term, yes, there's no financial impact.
But in the long term, there's going to be quite a big boost for the stock if they actually get the mobile strategy going.>> Pikachu and Go may have launched the eluded Nintendo's balance sheet at the moment, but with the Kyoto based gaming company set to report first quarter earnings on Wednesday, investors will be looking to see where they may pop-up next.