Since the shares rose I have been wondering if these investors even realise how the app was made or how ownership of the IP worked.
Highlights limit of mobile vs console profits as well.
Ownership of the Pokémon IP is the most convoluted thing I have ever seen in this industry. It doesn't surprise me that most people, even investors and analysts, have no idea how it works.
I have to explain it so often haha.
What I like is how, as exampled with Niantic and Genius Sonority, Nintendo owns a stake in those companies, but so does The Pokémon Company so Nintendo owns a stake in companies that a company they own also owns a stake in. (They both owned 19.5% of Genius Sonority a couple of years ago, but the Genius Sonority site no longer lists their shareholders).
Plus, while TPC has ownership rights, they don't have overall ownership which lies on Nintendo, Game Freak and Creatures Inc. All trademarks go through the three of them, not TPC.
As I said, convoluted.