Nintendo stock plummets 5% after WiiU announcement

8 June 2011

Last night Nintendo pulled the curtain back on its next generation home console, which will finally bring the company into the age of HD-ready. The reception has been mixed but positive for the most part, with the WiiU showing off some potentially interesting new features. 

However, the Tokyo Stock Exchange did not respond well to the announcement, with Nintendo closing 5 percent down on the day, at $212.44 per share. 5 percent may not seem like a large ammount, but Nintendo stock is now valued at its lowest point since before the Wii was released. 

On one hand, the backlash can be seen as a necessary response to Nintendo’s own announcement of the imminent end of the Wii. However, it could also mean that analysts are not backing the WiiU to sell well at launch. 

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