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It's true, a lot of investors want Nintendo to move into the "app" space. We should bear in mind that most investors, in all industries, are solely concerned with short-term gain. That's how we got into this global financial crisis in the first place.

My best guess would be potential new investors are wary that Nintendo is in a state of transition at the moment. The Wii U is, still, a pretty big gamble, and with little or no concrete information available about it potential investors will be reluctant to take that gamble.