Nintendo Stock Drops After Wii U Announcement
Nintendo shares in the Japanese markets took a significant hit yesterday after the announcement of the Wii U, falling 5.7% in a single day to 16,930 yen, according to Bloomberg. This is the second time Nintendo stock has taken a big hit this year after they took a plunge after March’s major earthquake in Japan.
So what’s up with this? I thought I was mostly alone in my complete and utter ennui toward the Wii U yesterday, but that seems to not be the case. I think I assumed after the insane success of the Wii Nintendo could get people to be enthusiastic about just about anything, but maybe that assumption was wrong. Maybe the Wii U with its weird controller is just a bit too much for us to be able to get on board with. Or maybe Nintendo just did a hell of a bad job explaining it yesterday.