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Nintendo Shares Fall For A Second Time After Wii U Reveal
Nintendo Shares Fall For A Second Time After Wii U Reveal
June 9, 2011 | By Mike Rose

June 9, 2011 | By Mike Rose
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    9 comments
More: Console/PC, E3, Business/Marketing



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.


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Comments


Alexandre stroukoff
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Leonardo Nanfara
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Sony is definitely going to copy this controller...it whats they do best.



Sony better get a "Vita" and create there own new products.

Doug Poston
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But didn't Nintendo just copy Apple (iPad)? Who copied HP (TouchSmart). Who copied Microsoft (Tablet PC). Who copied Apple (Newton). Who copied Xerox PARC (Dynabook).

Michael K
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ngp connected to PS3 doesn't seem to be that different from Wiiu, there is game streaming on PSP since the release of the PS3.

A W
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NPG connected to the PS3 is very much different form the Wiiu. For one you have different sized screens, for another thing you have different uses of technology. One system may let you DL a part of an adventure off of a bigger console and take it with you, or stream a game made for it to a larger console for view on a HD TV set (seriously Sony may allow the VIAO line to do the exact same thing in the future). The other is creating a UI that needs to stay connected within range of its parent console at all times, and may allow for upstream or downstream of whatever the user is doing on the parent console at the time. Nintendo Has the DS line for any games that are to be played in a portable setting.



Nintendo does not look like it's advocating to take the WiiPad out and about. It doesn't say "portable device made to leave the house" in its design, but then again neither does the design of a PS3, and I find ways to take that over to a friends house when called to do so.

Tyler Hoffmann
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Time to buy stock?

A W
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I would guess that the slide in stocks is people capitalizing off of the success of the Wii by selling what they got while they can in anticipation for the changeover. I wish I could own a few share of Nintendo, but I don't make that kind of capital.

Arjen Meijer
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do these analysts even play the games or use the consoles is my question here?

Jerry Hall
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I love it! Will get this on Launch day for sure.


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