Nintendo Shares Take A Dive After Investors Realize It Had Nothing To Do With Pokemon GO

Nintendo shares have dropped 17.7% after investors in the company finally realized that Nintendo  had nothing to do with the creation of  Pokemon GO. Nintendo warned investors that Pokemon GO wouldn’t make much difference to their profits as the game is developed by Niantic. However, Nintendo shares are still up 60% since the release of Pokemon GO a few weeks ago. Analysts believe the market “overreacted” to the Nintendo statement: “I believe that Pokemon Go will be material in the company’s earnings, given the current trends for the game,” David Gibson, a senior analyst at Macquarie Securities Group said.

This is kinda dumb to me. I mean I understand that people associate Pokemon with Nintendo every since Pokemon Red/Blue/Yellow. I feel like most people don’t realize Nintendo and the Pokemon Company are in a partnership for there games to appear on Nintendo systems. I mean the loading screen for Pokemon GO clearly doesn’t show a Nintendo logo. People should really just take a little time out of there day to do some research instead of assuming. What do you think ?