Nintendo’s Stocks See A Decline After Announcement Of Wii U [E3 2011]

About six years ago the Nintendo Wii was announced and demoed at E3, blowing the expectations of Nintendo fans out of the water. This E3 Nintendo fell rather short, coming close to disappointing many long time Nintendo fans.

Since Tuesday June 7th, the day Wii U was announced, Nintendo stock has dropped more than 5%. After the Wii U was announced Nintendo’s stock stayed fairly level for most of the day, but close to the end of the day stock started to slip, and continues to drop, now being the lowest it has been in four years.

One can only speculate as to why the decline. My opinion is that as more and more details have been released, less and less people are still excited. Which will inevitably lead to lower projected sale figures, and of course poor stock value.

With Nintendo tumbling down the Electronic Entertainment slippery slope, one can only hope they will catch their footing and get back to their seat on video game capital hill. After seeing Nintendo’s announcements about the Wii U, what do you think about the upcoming system?