E311 | Nintendo's Stock Falls Due to Wii U?

Could the feedback and confusion surrounding Nintendo's Wii U console have caused its shares in Japan to take a tumble? It would seem that even Nintendo's President, Satoru Iwata, believes that to be the case. However, he has also stated that the reality of the situation is quite a surprising one.

According to Iwata-san, it could definitely be a case of people not fully understanding what has been shown, and that the new console with its special controller has to be played to be fully appreciated. Unfortunately, as it happened shares in Nintendo fell around 10% in the two days after the E3 Press Conference from Nintendo last week.

Honestly speaking, the reaction to (Tuesday's) presentation and what I heard from people I met and the mood of the convention did not chime at all with what happened in the stock market. It's very strange.

In the end, it is easy to get the mistaken impression that this is just a game console with a tablet. People who came to the presentation and tried it out have understood very well that it opens up a lot of new possibilities. But people who have not tried it will find it hard to believe that this controller will change things.

At the moment, there is a barrier between the Wii, which is seen as for casual users and the other companies' consoles, which are seen as for core gamers. We are questioning whether that barrier needs to be there.
- Satoru Iwata, President of Nintendo.