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Nintendo Shares Fall To Lowest In Five Years After Wii U Reveal

Nintendo Shares Fall To Lowest In Five Years After Wii U Reveal

June 8, 2011 | By Mike Rose




Nintendo saw its share price fall to the lowest it has been in more than five years yesterday, as analysts said they were sceptical about the potential success of the new Wii U console.

The company noted a 5.7 percent decrease in share price to 16,930 ($212.00) at close of trading yesterday, with more than 2.2 million shares bought and sold. This compares to a daily average of 720,000 for the last six months.

Talking to financial website Bloomberg, Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co., explained, "There were high expectations from the new version of the Wii and this fell far short."

"People had expected to see something more at a big event like the E3, but there wasnt really anything more than whats already reported."

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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