Nintendo Shares Drop as Pokemon Go Slips in Japan Rankings
- App drops to No. 4 from No. 1 in Japan on Apple devices
- Nintendo shares fall following their worst drop since 1989
Product Delay Weighs on Nintendo's Shares
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Nintendo Co. shares declined to a three-week low after the hit game Pokemon Go dropped from the top of app download charts in Japan.
The mobile game fell to fourth place among highest-grossing apps for Apple devices in Japan, according to researcher App Annie. The shares, which last week posted their biggest decline in more than two decades, dropped 2.5 percent to 20,965 yen at the close in Tokyo, the lowest since July 11.