Nintendo shares hit five-year-low after Wii U reveal

A day after Nintendo stunned and puzzled the world with their reveal of their Wii console successor, the Wii U, stocks have hit a five-year-low.

Displaying a tablet-style controller with a 6.2” touchscreen to enable switching gameplay from television to controller, the Wii U received a favourable response at its E3 press conference debut yesterday, though many online posters felt it lacked the ‘wow’ facked of the original Wii reveal.

A day later and Nintendo’s stock have taken a 5.7 per cent dive, closing at ¥16,930 per share today in Osaka, according to Bloomberg, a five-year-low.

Tokai Tokyo Securities analyst Yusuke Tsunoda echoed our own sentiments during a live blog of the conference, by stating that he felt Nintendo missed a trick by neglecting to mention pricing details, launch windows or demonstrate in-game footage.

"There were high expectations from the new version of the Wii and this fell far short," Tsunoda said. "People had expected to see something more at a big event like E3, but there really wasn't anything more than what's already [been] reported."

On the other hand, this could be the perfect time for anyone to invest in Nintendo stock, as despite a firm reluctance to discuss specifics, early signs have shown that Nintendo are attempting to bridge the gap between casual and core gamers with the new console, which will feature much greater third-party support than that of the Wii.

"As an industry, what we haven't yet achieved is a game platform that is equally satisfying for all players," said Nintendo CEO Saturo Iwata of the Wii U. "This is exactly what we intend to create with our new home platform

Take a look at the debut trailer for the Wii U controller below and let us know if think investors were right to jump ship: