Nintendo shares fall following Wii U announcement

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Wii U announcement blamed for five-year low
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  • Wednesday, June 8, 2011
  • Originally reported by Joshawott

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Like with Apple's iPad; could the assumed cost of the Wii U's controller be a contributing factor?

Yesterday at E3 in Los Angeles, Nintendo announced the successor to the highly successful Wii—the Wii U. Opinions on the console have been mixed among online communities, although for the industry, it seems to be more concrete at this early stage.

Today, various websites have reported that Nintendo's shares have fallen to a 5-year low, with yesterday's unveiling being blamed. Yusuke Tsunoda, an analyst, explains:

There were high expectations from the new version of the Wii and this fell far short.

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.

  -- Yusuke Tsunoda  

Whether this is due to the lack of major first-party announcements for the new console (aside from a new installment in the Super Smash Bros franchise which has yet to enter development, and a Pikmin game that wasn't mentioned in the company's keynote speech) or otherwise, is unknown.

However, this is hardly surprising. When Apple announced their highly successful iPad, Apple's stock went down until the price was revealed to be lower than anticipated. This could be compared to the Wii U's primary controller; a device resembling a tablet, which numerous people predict will raise the new console's price.