Pokemon No: Nintendo's share price falls

 
William Turvill
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Pokemon Go Launches In The UK
Nintendo launched the Pokemon Go app earlier this month (Source: Getty)

What goes up must come down?

Nintendo’s share price fell four per cent in the US on Tuesday – and fell even further in out-of-hours trading on Wednesday.

It was also down even further in Japan on Wednesday.

Shares in the US had rocketed by 12 per cent on Monday to $37.37, doubling since the launch of Pokemon Go earlier this month.

Read more: Pokémon Go: Should you invest in Nintendo?

And on Tuesday in Japan, the tech giant’s share price shot up even further to ¥31,770 – a five-year high.

But shares fell to $35.85 in the US yesterday and then a further six per cent in pre-market trading to $33.80 today.

And the fall in Tokyo is even more dramatic – down 13 per cent to ¥27,715 at the time of writing.

Two weeks before in the US, on 5 July, it was trading at $17.50.

In Tokyo on Tuesday, its share price was up 16 per cent to ¥31,950. This price stood at ¥14,490 on 5 July.

Nintendo (US) Nintendo (US) | mobile image

Read more: Nintendo catching all the investors – shares double since Pokemon Go launch

Nintendo released Pokemon Go on 6 July as a new smartphone game.

It shot straight to the top spot in the free app chart in Apple’s US iTunes store and has since been launched in other countries, including the UK last week.

The game is free to download but offers in-app purchases.

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