2011-06-16

Nintendo Stock Price Falls on Heels of E3 2011 Wii U Reveal

Nintendo President and CEO Satoru Iwata is perplexed after seeing his company's stock price fall around 10% in the two days of trading following the E3 2011 presentation which revealed the new HD console, Wii U.

"Honestly speaking, the reaction to (Tuesday's) presentation and what I heard from people I met and the mood of the convention did not chime at all with what happened in the stock market," Iwata told Reuters. "It's very strange."

Furthermore, Iwata feels that Wii U is likely misunderstood by investors, and that it is important to experience the new tech to get it.

"In the end, it is easy to get the mistaken impression that this is just a game console with a tablet," Iwata said. "People who came to the presentation and tried it out have understood very well that it opens up a lot of new possibilities. But people who have not tried it will find it hard to believe that this controller will change things."

Judging by the strong reception by critics and, more importantly, top developers and publishers, Iwata may just be on to something.

wii u-Game Accessories

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