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Want to Cash in on the Pokémon Craze? Don’t Buy Nintendo Stock!

Stock traders who bought Nintendo stock as it climbed over 100% early in the month are crying into their spreadsheet today as the stock is tanking – dropping over 20% in one day.In other words, Nintendo won’t make a lot of money from eager Pokémon Go players. Why not? First, of course, the game is free to download. Second, Nintendo owns less than a third of the game, with the rest owned by game developers Niantic Labs.

The company admitted as much last week in revealing its stake in the game. So if you’re looking to cash in on the craze, experts suggest buying stock in Apple, as they’re on track to make over three BILLION dollars from the game over the next two years.
Source: Nintendo

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