Nintendo Stock Continues to Fall, Iwata Says You Don’t “Get” the Wii U
Not excited about the Wii U? Well you just don’t get it, you dumbass. That’s the stance Nintendo is arrogantly taking on the negative reaction to the company’s newly announced console. And the reaction is negative — Nintendo’s stock dropped 5% on Tuesday after the announcement and another 7% yesterday, hitting lows they haven’t seen in more than five years. The investor reaction is based on more than just their personal reactions to the console announcement — I’m gonna guess gamer response was a factor.
How does Nintendo respond to this turn of events? Here’s Satoru Iwata, speaking with MSNBC:
[This happens] whenever we come out with something brand new and try to do something unprecedented. People have never had this kind of experience before [and] they cannot completely appreciate it.
Well…. OK. So when we see something new we automatically react negatively? Interesting. Make an historical comparison, breh.
It reminds me of the situation in 2006, when for the first time we showed the Wii system. At the show, people were excited and enthused about the prospect of the Wii at the time, but as soon as I returned to Japan, I noted the [reaction] there was much different. There was so much skepticism surrounding Wii at the time.
That’s not really how I remember it, but if you say so…
We are trying to invent some mechanism to better communicate the real value of the Wii U.
What? So the Wii U is so difficult for our lesser minds to comprehend that Nintendo is going to have to craft some new method of communication in order to explain it to us? I cannot possibly be reading this right.
I don’t even really have a response to this, either because my brain is too fried from E3 or because these comments are just that strange. Probably a little of both. Sheesh.
To be completely fair, though, I do believe it’s entirely possible most of us don’t really understand the full potential of the Wii U, but if thats the case it’s the result of Nintendo’s utter inability to explain it well. Or maybe we do get it, and we think it’s silly. I’ll say this: If we don’t “get” it now, we probably never will.