Nintendo Shares Fall For A Second Time After Wii U Reveal
Nintendo's share price has fallen a second time in the wake of the Wii U reveal, with analysts citing high market expectations as the issue.
The company saw its share price fall yesterday
to the lowest it has been in more than five years, with a a 5.7 percent decrease in share price.
The share price has now taken another hit, down another 5.2 percent as of midday Thursday. Talking to The Wall Street Journal, Mitsushige Akino, a chief fund manager at Ichiyoshi Investment Management, noted that
the decline is not due to disappointment in the product, but rather investor expectations.
"The product itself is not bad -- market expectations had been far too high," he said. "It is also a reflection of structural issues caused by a transformation within the market."
The upcoming console
, set to be released in 2012, will feature HD graphics and a built-in 6.2" touchscreen, and is meant to offer "a new structure for home entertainment".
In addition to its touchscreen, Wii U's tablet-inspired controller features motion controls and an in-ward facing camera -- which was demonstrated with a FaceTime-style video chat session between two users.