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Nintendo shares plunge after Wii U announcement

Posted on Wednesday, June 08 2011 @ 19:56:15 CEST by

Bit Tech reports investors were underwhelmed by Nintendo's Wii U announcement, the company's stock fell by 5.7 percent to a five-year low:
'There were high expectations from the new version of the Wii and this fell far short,' Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co. told 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.'

Nintendo's share price fell by 5.7 per cent to 16,930 Yen at Japan's close of trading, with more than 2.2 million shares changing hands over the course of the day.



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