Monday, June 13, 2011

Nintendo stock loses another five percent

Nintendo's new console the Wii U is getting some mix feelings, which has caused their E3 lineup to go from a 1-hour queue on the first day, to a 5-hours queue on the second day, and to a "Sorry we're full" sign on the third day.

Though E3 attendees may be crazy for it, investors are continuing to express their displeasure with the Wii U. Nintendo's stock lost another five percent after a similar fall on Tuesday, the first day after the new hardware was announced at E3. At the time of this writing, the stock is down to 16,170 yen per share on the Tokyo Stock Exchange, another 800 yen loss from the previous day's close of 16,970.

That is, however, a slight climb from the day's low of 16,040 earlier in the day. Company shares haven't been this low since before Nintendo's massively successful Wii console was released in 2006. Are you okay there, Nintendo?
source: 2DayBlog.com

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