hot  /  reviews  /  videos  /  cblogs  /  qposts

E3: Nintendo stock drops to 5-year low after Wii U debut

4:44 PM on 06.08.2011 // Samit Sarkar

Nintendo introduced the Wii U at its E3 press conference yesterday with the hopes of expanding its audience, but if the Japanese stock market is any indication, not everyone is convinced yet.

The company's stock price plummeted 5.68% to ¥16,930 by closing time on Wednesday, June 8. Nintendo's shares haven't traded at that price in more than five years, since before the launch of the Wii in November 2006. Volume was particularly high today: over 2.2 million shares were traded, far above the 720,000-share daily average for the previous six months. Nintendo shares trade on the Osaka Securities Exchange, which was relatively flat for the day -- up 0.23% -- as was Japan's Nikkei 225 index, which closed up 0.07%.

Analysts don't seem particularly enthused about the Wii U so far. Yusuke Tsunoda, an analyst for Tokai Tokyo Securities Co., told Bloomberg that Nintendo's Wii U reveal "fell far short" of high expectations. "People are puzzled whether this will really sell," said Shuji Hosoi, an analyst at Daiwa Securities Co. Most of us here at Destructoid are cautiously optimistic about the Wii U, but Nintendo's confusing press conference apparently left investors skeptical of its chances for success.

With the launch of the Wii U at least one year away, Nintendo has a lot of time to instill confidence in its investors. But this surely isn't the initial response they were looking for.

Nintendo Falls Amid Questions Whether New Console Can Repeat Wii’s Success [Bloomberg]
Nintendo Stock Plunges Amid Doubts About New Wii [ABC News]

Samit Sarkar,
 Follow Blog + disclosure

This blog submitted to our editor via our Community Blogs, and then it made it to the home page! You can follow community members and vote up their blogs - support each other so we can promote a more diverse and deep content mix on our home page.

 Setup email comments

Unsavory comments? Please report harassment, spam, and hate speech to our community fisters, and flag the user (we will ban users dishing bad karma). Can't see comments? Apps like Avast or browser extensions can cause it. You can fix it by adding * to your whitelists.

Status updates from C-bloggers

ShadeOfLight avatarShadeOfLight
Finished playing the fan localization for Ace Investigations 2. These guys did a fantastic job, despite this game having the single most convoluted plot in the entire series. Here's hoping that somehow, someday, Great Ace Attorney will get this treatment.
Jiraya avatarJiraya
Okay internet you done it... Playboy will not get nude girls anymore , too much competition. [img][/img]
Torchman avatarTorchman
A little late, but got the Platinum trophy for Dancing All Night. Was proud of myself, until I saw the medals in the collection menu. Coming for you next... after I master the Adachi dlc tonight.
Gamemaniac3434 avatarGamemaniac3434
Huh. Already two blogs posted today that are actually advertisements. Lovely.
Zyk avatarZyk
Gettin drunk and watching the entire Critters series in a Tuesday. Best thing about being unemployed.
FlanxLycanth avatarFlanxLycanth
StriderHoang avatarStriderHoang
If Undertale isn't your GOTY 2015, then you are sorely mistaken [img][/img]
Deadgar64 avatarDeadgar64
Sleep? Who needs sleep? 12:44 am can eat my shorts.
OverlordZetta avatarOverlordZetta
[img][/img] [img][/img] [img][/img]
Amna Umen avatarAmna Umen
Anyone else getting massive lag in between games of the Battlefront Beta? I'm running an AMD rig so it might be that but just want to know it's not just me.
Shinta avatarShinta
1 hour stream of Dragon Quest Heroes.
MeanderBot avatarMeanderBot
Plague Knight is pretty rad, even when represented by mediocre artists [img][/img]
Shinta avatarShinta
Initial impressions: Chibi-Robo Zip lash is pretty damn fun so far. It's like Mr. Mosquito + Castlevania + Umihara. Controls are spot on, platforming is actually very solid so far, and the characters are about as charming as they can get. +amiibo.
nanashi avatarnanashi
Question: Is resident evil nemesis supposed to start off with a toolbox that has (unlimited) ink ribbon, 250 handgun ammo, magnum (w/ammo), shotgun (w/ammo) and two assault clips, in the first room of the game?????
OverlordZetta avatarOverlordZetta
[img][/img] Much want. Such need. Ow.
Shinta avatarShinta
[img][/img] Can you imagine if greedy aliens stole all YOUR snacks? I don't even know how I'd handle it honestly. I don't even want to think about it.
Mike Martin avatarMike Martin
Great. YouTube took down my nude re - enactment of She-Wolf. Again. Fuck you Shakira. Let my art shine.
RadicalYoseph avatarRadicalYoseph
BREAKING: Inner city man and "Pokemon Go" enthusiast found dead after entering rival gang's territory. "All he wanted was a Shiny Charizard!" according to an interview with a close friend. "We found him on the street, limp as a Magikarp stuck on a beach."
GoofierBrute avatarGoofierBrute
I completely forgot that Castlevania: Dawn of Sorrow had an animated opening. Other than the compression, it actually looks really good today, and makes me wonder why Konami didn't commission some sort of Castlevania anime. That would have been sweet.
Cosmonstropolis avatarCosmonstropolis
Gamestop has Splatoon amiibo up, if that's your thing. Totally didn't order and just cancel mine.
more quickposts



Invert site colors

  Dark Theme
  Light Theme

Destructoid means family.
Living the dream, since 2006

Pssst. konami code + enter

modernmethod logo

Back to Top

We follow moms on   Facebook  and   Twitter
  Light Theme      Dark Theme
Pssst. Konami Code + Enter!
You may remix stuff our site under creative commons w/@
- Destructoid means family. Living the dream, since 2006 -