Nintendo Shares Drop After Wii U Reveal, Nintendo Confused
It seems Nintendo's share prices have seen a surprising decline over the past few days. The change was evident not long after the Big N announced the Wii U at E3. Now the video game manufacturer is wondering, "What the hell is going on?"
Nintendo shares saw a 5.7 percent drop the day after the big Wii U reveal. The following day, shares went down by 4.7 percent. And yesterday, an estimated 3.5 percent drop was recorded. What the hell is going on indeed?
The folks over at Nintendo can't seem to figure out the reason for the decline. "Honestly speaking, the reaction to (Tuesday's) presentation and what I heard from the people I met and the mood of the convention did not chime at all with what happened in the stock market," Nintendo President Satoru Iwata told Reuters. "It's very strange."
Several reasons have been cited for the decline in share prices. Some investors think Nintendo is aiming too high, while others believe that there is always uncertainty with an endeavor such as the Wii U. I also strongly believe that investors aren't primarily known for their gaming, so rather than looking at the Wii U as a potentially awesome console with some great innovation and great ideas behind it, they see it as a a product that can go either way and possibly even cost them some cash. These folks really need to play more video games.
It's going to be interesting seeing how Nintendo rebounds from this stock market ordeal. They'll most likely attempt to wow everyone within the coming months with pressers and reveals. This can only mean some intriguing press releases for gamers down the line.