Nintendo shares plummet after Wii U reveal
The Wii U announcement has disappointed analysts and caused a share price drop for Nintendo.
Analysts said the drop had been called by an underwhelming reveal of the new Wii U console, which had previously been known as Project Cafe, plus stiff competition from Sony's Move and Microsoft's Kinect systems.
'There were high expectations from the new version of the Wii and this fell far short,' Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co. told Bloomberg.
'People had expected to see something more at a big event like the E3, but there wasn’t really anything more than what’s already reported.'
Nintendo's share price fell by 5.7 per cent to 16,930 Yen at Japan's close of trading, with more than 2.2 million shares changing hands over the course of the day.
Let us know your thoughts in the forums.
You can check out other news from the show via our E3 2011 News hub.
Previous Article
50 Comments
Discuss in the forums ReplyThose are two very different markets; Nintendo does casual very well indeed - but the Wii U doesn't have a hope in hell of competing with the 360 and PS3 for 'core gamers'.
By going after both, they risk losing what they have. It certainly doesn't help that the footage they were showing to display how capable the Wii U was, was actually from the 360 and PS3.
I'd certainly be selling my shares if I had them.
Sony and MS can sell products without releasing new ones, you know...
That's not true. That footage wasn't to show how capable the Wii U was, they'd already done that with the demo of the bird in the garden, which was very impressive. Better than 360 and PS3. We'd also seen the snippets of Zelda which looked very impressive too.
The footage you're talking about was to show which games were going to be available, not to show off the Wii U's graphical capability. This is Nintendo, they don't show off graphics like that. The brief demo with the bird was all we got because that is all Nintendo believes we need.
As a Core gamer, I have to competely disagree with you. If they get the right Third Party support - which it looks like they might have this time - and get their internet and media features right, they will easily compete with 360 and PS3 in the Core market. I can very easily see this appealing to the casual market too, since it will be so familiar to them given that it still supports all Wii peripherals and software. All they need to recapture the casual market is a good pricepoint, and after seeing that the PSVita is only going to be $299, I can easily believe that Nintendo will be able to pull the Wii U off at a great price.
I still think that all consoles are for casual gamers.
Anyway I wish luck for nintendo. Always liked them, and I hope a daring idea like that should do well.
Not true. Consoles are for people with lives and reasonable budgets.
And I say this as a PC and Console gamer.
Unless the 3DS magically takes off, but with that software line up... just no.
So to be a PC gamer you need to be rich and without a life? Interesting statement given the website you chose to post it on.
But it was certainly misleading, and they certainly should have stated the source of the footage at the time, otherwise of course we would presume it was Wii U footage.
It's not just me:
www.thisismynext.com
www.enigma-tech.co.uk
www.engadget.com
All thought it was Wii U footage at the time.
I was interested in the 3DS as my next portable but I just took a look at the list of available games and guess what, all the good ones are remakes. Guess I'll hold off a year of Kid icarus :-(
Just because I say Console gamers are one thing doesn't mean the opposite is true for PC gamers. Console gaming is just a lot cheaper and easier. I completely understand the appeal of the more technical nature of PC Gaming, that's the reason I still do it. It's just nice to have a console though, where I know all the games are going to work for me, and I'm not limited by my hardware; rather, I am opened up to all sorts of experiences.
I agree. They should have said explicitly that it wasn't Wii U footage. Though, honestly, you could almost tell it wasn't. None of it looked nearly as impressive as the actual Wii U footage.
I agree with Timmy on this. I have been a hardcore pc gamer for years but with my familly ever expanding, I do not have the budget to upgrade CPUs and GPUs regularly. I have a PS3 for myself and a Wii in the living room. I know Crysis 2 will probably not work too well with my current rig and Im pretty sure that Deus Ex wont work when that arrives. They will work out of the box on my PS3 though. Im not a casual gamer, I do play most evenings and for me, the console is a gaming necessacity due to my financial responsibilities being needed elsewhere. This seems to be the year where gaming technology has finally left my pc behind. So whilst Im happy playing Shogun 2 on it, untill I get the budget for a complete new rig, latest games will have to be bought on console.
This gets hammered to death around here, and in a way it depends on your location, but for me in NZ PC gaming is actually much cheaper than console. I can pick up all my games at amazing prices on Steam ($60NZ brand new instead of $130NZ on console), and with games being developed for consoles first + a long console cycle I don't need to upgrade my computer at all. I run all the latest stuff maxed out at 1080p fine on a 3 year old system (2 year old gpu) and have over 100 steam games. To have that many games on a console with the price difference in my country would by far be more expensive than PC gaming.
This gets hammered to death around here, and in a way it depends on your location, but for me in NZ PC gaming is actually much cheaper than console. I can pick up all my games at amazing prices on Steam ($60NZ brand new instead of $130NZ on console), and with games being developed for consoles first + a long console cycle I don't need to upgrade my computer at all. I run all the latest stuff maxed out at 1080p fine on a 3 year old system (2 year old gpu) and have over 100 steam games. To have that many games on a console with the price difference in my country would by far be more expensive than PC gaming.[/QUOTE]
Games are cheaper in general on the PC here in the UK too, its just the hardware. The cost of a console is the same as a decent graphics card. Simply put, if you want the best, then you need to pay to get the best.
But lets face why bother buying the best any more? This late in the console life cycle and you can match or better it with 3 year old gear second hand off ebay for £100 (ish)
This.
Also the 'it just works' experience is overrated. I know people who have had multiple 360's red ring, others have had their PS3's die. There are frequent software and firmware updates. You pay for xbox live or PSN goes down. Sure the PC can have issues to work through if you install the wrong drivers or something, but I have never had a PC DIE on me, nor do I lose access to/pay for my online systems.
I will admit that if you want to play the latest during a wave of new consoles being a PC gamer is a bit of a bitch, but that only comes around once every several years so you just need to time it right.
I think not. It looks like an iPod screen glued onto a plasticky thing. I'll certainly not be hounding my parents to buy one.
They DID say it wasn't Wii U footage. "This is what we're expecting" was the kind of phrase that was used to introduce the montage.
The idea of playing aliens: Colonial marines and having the screen on the controller being the motion tracker would be totally ****ing awesome
Agreed. I think it looks great.
It may very well be a success and a good thing, but I would like some of the hardware and technical issues announced before getting too excited. It could just turn out to be a 3DS that has an output to a tv, for instance...
Dude, that's a controller. There is another box that drives it..
That controller is strictly speaking an extension of the console. You basically have one per console, and for multiplayer games you use the standard Wii peripherals.. Wiimote and nunchuck, Classic Controller, Balance Board etc. At least that is how I understand it.
Inherently true statement, but incredibly badly worded...
Anyways I'm not surprised, I don't now what Nintendo expected... this doesn't seem like a huge step up from the Wii, and still can't compete with Sony & M$ since they both jumped ship with the whole movement gimmick. Also it doesn't even matter if the competiotrs won't release a new console for the next few years, they've obviously proved the longevity of their current gen offerings with the peripheral upgrades. Nintendo flop imho.
Consoles = "core"/mainstream gamers who don't mind using awful controllers, watching inferior graphics, and enjoy paying twice as much for their games
PC = actual gamers
Or... Hardcore Gamer = Owns and plays all platforms. ;)
Sigh, so totally wrong. I would hazard to guess a significant portion of the "actual gamers" demographic cut their teeth on the NES which, if you're either too old or too young to remember, was something of a worldwide phenomenon (X-mas 1985 was the BEST. EVER). A testament to its legacy is the proliferation of the ubiquitous D-pad, a gaming staple which brought countless hours of "actual" gaming across the globe for many years.
No one will debate KB/mouse for FPS or RTS or the like, but categorizing console controllers - particularly the Playstation DS3 - as "awful" (which you did with your carte blanche condemnation) leaves me to assume you're a casual gamer, as an "actual gamer" would concede the gamepad its uses. Unless you're dirt poor, a masochist, or technologically unable to pair a controller with your PC, I just can't see anyone choosing to play fare like Assassin's Creed, Dead Space, Arkham Asylum et al. with a keyboard and mouse over a gamepad.
You should also notice the "actual gamers" in here play on multiple platforms.
could be great. Having the HUD on the controller could be quite
immersive.
this however the PC is thier main choice of platform.
Yeah. I was being a bit of a dick when I said that.
Yup. I used to own a NES, when I was a kid....and a SNES....and a Spectrum, C64, Atari 1040ST, Amiga 1200...and then, I grew up, and played games on a PC - my platform of choice. As it happens, I still have a SNES, as well as a PS3 and XBox360 on my desk at work - which I use for....that's right...casual gaming, 5 minutes on Streetfighter 2/4 here and there with a colleague between meetings. When I come home from work I hope onto my PC and play something like Left4Dead, Civilization, Company of Heroes, Dragon Age, Battlefield 2, Warhammer 40K etc. All of which are better on the PC than on a console (or are simply unavailable on consoles).
As it happens, I chose to play Arkham Asylum with a keyboard and mouse and was perfectly happy/comfortable. I chose not to play Assassin's Creed and Dead Space because, unlike BAA, they were awful console ports and hadn't been designed with the PC user in mind. This isn't a fault with the platform, it's the money-hungry publishers being tight.
Perhaps I was a little short in my post - it wasn't supposed to be analysed, I was just having fun. Of course there are exceptions, if you happen to like intensely story driven single player games, such as Heavy Rain (ooh, look how much fun shaving with a PS Move controller isn't), then controllers are fine....me...I'd rather have a keyboard and mouse every time.
What?! I personally would never use a gamepad unless the game was so poorly designed for KB+mouse you just had to (like Shank). The one exception for me is car racing. Otherwise it's mouse+KB all the way. And I've gamed on just about every platform except the xbox (although PC is by far the best).
:)
You play everything with a KB/Mouse? Fine. Your tastes are not universal, however, and you should know better than to $#!T on a venerable workhorse like the gamepad, even if you play all your SNES games with the awesome Mario Paint mouse peripheral (in which case I stand firmly behind my belief you are, indeed, a masochist).
*heh, I'm totally using that out at the bar this weekend...
Did it work?