Nintendo tumbles 12% in Tokyo on reports of Pokémon Go Japan delay

Shares of Nintendo Corp. tumbled 12% in Tokyo Wednesday after reports of a delay to the launch of the wildly popular Pokémon Go game in Japan. The rollout, planned for Wednesday, was cancelled after details were leaked via an internal communications from McDonald’s Holdings Co. (Japan) , according to Tech Crunch. McDonalds Japan is the sponsor of that game, and Niantic, Nintendo and the Pokémon Company were worried that the pre-hype would overload servers in Japan, where its fan base is huge. Pokémon Go’s launch across Europe last weekend also triggered server issues. There were no updates from Pokémon Go Japan on Twitter Wednesday. Shares of McDonald’s Holdings surged nearly 10% in Japan after Tuesday’s news the fast-food group’s restaurants would be key locations for Pokémon Go hunters. Citing Japan news outlet Nikkei, Tech Crunch said the launch in Japan would now take place on Thursday.

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From:: Stock Market News

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