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Nintendo does not Understand why Stock Fell after Wii U unveiling

Jun 11 2011, 2:28pm CDT | by , in News | Gaming

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Nintendo does not Understand why Stock Fell after Wii U unveiling
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Wii U presentation at the E3 2011 sent Nintendo Shares down 10% in the following two days.

Nintendo unveiled the Wii U at the E3 2011. The new console will launch in 2012 and is supposed to continue the the success of the Wii. The reactions have been mixed and investors just reacted in a negative way and sent the Nintendo stock down 10%. 

Reuters carries an interview with Nintendo President Satoru Iwata. He said that the reaction of the stock market to the Wii U is very strange. He said that people have to try the Wii U to understand that the tablet opens up a lot of new possibilities.

Nintendo focused all our attention to the new tablet controller that comes with the Wii U. This was a mistake in my opinion. Sure the tablet is introducing new types of gameplay and ways of interactions, but the two screen gaming is also going to be available from Apple and Sony. Apple is even enabling it this year with AirPlay mirroring on the iPad. The Wii was a paradigm shift and introduced motion gaming to the mass market. Sony and Microsoft needed years to catch up and just last holidays came out with Move and Kinect. Mind you that the Wii launched in 2006.

The Wii U is still a year or more away. Nintendo should have presented the Wii U with more mystery along the performance. There are rumors that the Wii U will out perform the PS3 and Xbox 360. This is the stuff that drives imagination. The Wii U tablet and the new possible gaming concepts need to grow in our minds. As it is though going to be not unique from the start, the Wii U needs more than the tablet continue the Wii's exceptional success.

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