Nintendo"s stock price has now dropped over 10 percent in the three days after the company revealed the name of its next console, the Wii U, and the reveal of the console"s controller at E3 2011. However reaction from the E3 show floor has been fairly positive to the controller and its possible gaming options. In a new chat with Reuters, Nintendo president Satoru Iwata stated, "Honestly speaking, the reaction to (Tuesday"s) presentation and what I heard from people I met and the mood of the convention did not chime at all with what happened in the stock market. It"s very strange."
Nintendo"s stock price on the Tokyo Stock Exchange dropped 5.6 percent on Wednesday, the day after the reveal of the Wii U"s name and its controller at Nintendo"s press conference in Los Angeles. The controller has a touch screen monitor that can be used for a number of different games and applications. On Thursday, Nintendo"s stock price went down another 4.6 percent and continued to go down on Friday with another reduction of 0.6 percent.
Those investors who took out all that money from Nintendo"s stock price might think differently if they got a chance to play with the Wii U controller, according to Iwata. He states, "People who came to the presentation and tried it out have understood very well that it opens up a lot of new possibilities. But people who have not tried it will find it hard to believe that this controller will change things." Nintendo has still not officially revealed the hardware specs for the console itself nor its final design. The Wii U is scheduled to launch sometime in 2012.
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