Nintendo's newly-unveiled Wii U has consumers resisting consensus and the games world's most esteemed journalists descending into schizophrenic fits of praige(praise/rage, look it up), but shareholder confidence in the company was definitively lowered by their E3 showing. Nintendo's share price fell to the lowest in over five years following their press conference, with analysts attributing the drop to disappointment in the new console.
No price revealed for the Wii U yet, but Satoru Iwata said the company doesn't intend to sell the new console for as low as the Wii's $US250 launch cost. Reggie Fils-Aime was cagey on this matter, telling journalists,
"You're talking price and I'm talking value... What I'm saying is that it's going to have a fantastic value.%26rdquo; With exact figures being a guessing game, UK retailer Zavvi has opened preorders at a seemingly unlikely %26pound;399 ($654).
Does this news hurt your confidence in the new Wii, or are you just eager to scrape together some cash and buy shares in Nintendo while the getting's good?
June 8, 2011
