Yesterday's announcement of the Wii U was an exciting time for Nintendo and its fans. Unfortunately for the company, its investors didn't share in that enthusiasm.
According to Bloomberg, Nintendo's stock took quite the hit following the Wii U's announcement at this year's E3, falling 5.7%. At 16,930 Yen per share, this is a five year low for Nintendo's stock. Additionally, "more than 2.2 million shares changed hands, compared with a six-month daily average of about 720,000."
Bloomberg cites Yusuke Tsunoda, an industry analyst in Japan, as stating that "there were high expectations from the new version of the Wii and this fell far short. People had expected to see something more at a big event like... E3, but there wasn't really anything more than what's already reported."
