The announcement of the Nintendo Wii U caused quite a lot of excitement among E3 2011 attendants, as well as many fans of the Japanese company, but it seems that the presentation made the Nintendo stock take a nose dive, reaching the lowest point in five years.
Nintendo presented the Wii U to the world earlier this week, and we've already covered it during an
in-depth article about the actual console and its unique controller, and even looked at some of the
games that have been confirmed for it.
While the announcement got plenty of people excited, investors weren't on the same page, as the price of Nintendo shares dropped significantly right after the announcement.
The guilt is put on the extremely high expectations from the general public and from investors especially, many of whom are skeptic in regards to Nintendo's ability to replicate the success of the current Wii.
"There were high expectations from the new version of the Wii and this fell far short," Yusuke Tsunoda, an analyst at Tokai Tokyo Securities, said to
Bloomberg. "People had expected to see something more at a big event like the E3, but there wasn't really anything more than what's already reported."
On Wednesday, right after the announcement of the Wii U, the price of stock dropped by 5.7 percent, while Thursday also brought a 5.2% decrease, reaching the lowest point in five years, before the company launched the Wii on the market and attained universal acclaim.
Nintendo isn't phased, however, and is confident that the Wii U is going to prove another success story, upgrading on the current Wii console and adding plenty of brand new features, including its unique controller, which boasts a special 6.2 inch touchscreen that can be used for a variety of purposes by the games that will be out for the new console.
What do you think? Are investors right about Nintendo not managing to surprise people with the Wii U or is the Japanese company going to prove them wrong once more?
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