Nintendo stock down 5% after Wii U reveal
While our feelings were … oh, let’s be nice and say “mixed” on Nintendo’s just-announced Wii U traders on the Tokyo Stock Exchange were pretty much clear about their distaste. Nintendo stock closed down five percent yesterday after the company’s E3 keynote, settling at 16,970 yen ($212.44) — a low the company hasn’t seen since before the launch of the original Wii.It’s not good news for Big N, but we’re talking about a company that’s made its fortunes on seeing opportunities where others don’t. And hey, look at it this way, Nintendo: History has proven we’ll eventually drop our defenses, conquer our trepidation and buy one anyway. So you’ve got us.
- Source: Forbes