Nintendo Stock Down After Wii U Announced
After Nintendo’s reveal of the Wii U on Tuesday, June 7, during E3 2011 their stock fell by 5.7 percent on Wednesday, June 8, as Japanese investors expressed their doubts about the the newest Nintendo system. Stocks then dipped lower as, on Thursday, June 9, the company’s Japanese investors pulled more support for the Wii U, lowering shares by another 4.6 percent.
While doubt was initially expressed by some industry insiders following the Wii U reveal on Tuesday, the overall reception of the newest Nintendo console has been positive within the video game industry. While it remains to be seen if the initial enthusiasm for the system will carry through to the Wii U’s release and whether the system will boast a strong day one game lineup, this dip in Nintendo’s stock (the lowest it has been since before the Wii launched in 2006) may be premature.