Close  
  • share this

Nintendo shares continue to fall on Wii U

/ 07:09 PM June 09, 2011

New toy. Gamers are anticipating features like high-definition graphics and touchscreen controllers in the Nintendo Wii U. (AP Photo)

TOKYO – Nintendo shares tumbled for the second consecutive day Thursday after its second-generation Wii videogame console unveiled earlier this week disappointed the market, say analysts.

Despite the buzz surrounding the Japanese entertainment giant’s Wii U at the videogame industry’s annual trade show in Los Angeles, the console and its touch screen controller has left investors cold.

ADVERTISEMENT

Nintendo shares dived more than 5 percent on Wednesday after the company unveiled the console at the Electronic Entertainment Expo, or E3.

The stock extended losses Thursday, closing 4.5 percent lower at 16,160 yen on the Osaka Securities Exchange.

FEATURED STORIES

The company’s shares are now at their lowest since March 2006 before the launch of the original Wii console amid worries over its strategy at a time when online games and smartphones are taking market share.

Nintendo has not said how much it plans to charge for the Wii U when the new consoles hit the market next year to do battle with Microsoft’s Xbox 360 and Sony’s PlayStation 3 (PS3).

“I don’t really see Nintendo’s strategy yet,” Hiroyuki Fukunaga, a Tokyo-based market analyst and chief executive of Investrust Inc, told Dow Jones Newswires.

“There are concerns that (the Wii U) may turn out to be expensive with the touch-screen controller,” he added.

A key feature to the Wii U controller is a 6.2-inch (16-centimetre) screen that displays maps or other information to complement game play, acts as a touchscreen game board and serves as a second monitor.

A forward-facing camera allows for online video chat with friends while playing with or against them online using a television connected to a Wii U, which will boast high definition graphics.

Nintendo is credited with opening the world of videogames to “casual” family players and with the introduction of motion-sensing controllers on the first Wii console launched in late 2006.

ADVERTISEMENT

But analysts question whether the Wii U or the handheld 3DS can once again capture that unique fan base now that such non-traditional gamers can use their smartphones to play inexpensively online.

Microsoft and Sony last year challenged Nintendo by adding motion or gesture-based controls to Xbox 360 and PS3 consoles, which boast more power than the Wii for richer imagery and more complex action.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Electronics, Entertainment, High-definition graphics, Internet, Nintendo, Online games, smartphones, technology, Video games
For feedback, complaints, or inquiries, contact us.



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.