{"id":12259,"date":"2011-06-08T18:40:00","date_gmt":"2011-06-08T16:40:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T22:00:00","slug":"nintendo-stock-plummets-5-after-wiiu-announcement","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/12259-nintendo-stock-plummets-5-after-wiiu-announcement","title":{"rendered":"Nintendo stock plummets 5% after WiiU announcement"},"content":{"rendered":"<p>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.&nbsp;<\/p>\n<p>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.&nbsp;<\/p>\n<p>On one hand, the backlash can be seen as a necessary response to Nintendo&#8217;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.&nbsp;<\/p>\n<p><a href=\"http:\/\/mygaming.co.za\/forum\/showthread.php\/14523-WiiU-causes-Nintendo-stock-to-drop-to-lowest-its-been-since-Wii-launch?p=452551#post452551\" target=\"_blank\">Discuss the WiiU <\/a>in the forums<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts are not happy with WiiU announcement<\/p>\n","protected":false},"author":161,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-12259","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/12259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/161"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=12259"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/12259\/revisions"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=12259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=12259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=12259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}