Nintendo stock down 5 percent after Wii U reveal

@doom saber
To be fair their stock dropped after announcing the Wii too.

@maemikemae It's hard to say exactly with just Google Finance but the stocks were going up steadily between 2006 & 2007. 5% really isn't anything to get excited over and not that important in the bigger picture.

@maemikemae
Marketwatch has their stock prices from the last 5 years, http://www.marketwatch.com/investing/stock/NTDOY

@Faceless Troll

Actually, minus 5% puts them at where Nintendo was before the Wii came out. So it's actually a very big deal...

@Shockwave Look at their chart for the past 5 years. They've been trending down for years with plenty of 5% changes here and there. The fact that they're this low right now is just part of a larger trend, not any single thing.

@maemikemae

Underwhelmed is a good description. I was real hopeful that they would come into this E3 with thunder to grab the core gamers and offer a sweet new online option to match the other consoles. When it was all about the tablet controller, and there was no other talk of advancement by them - it left me feeling underwhelmed. Disappointed works too.

@maemikemae everything being said about the wii u, is exactly the same as all the stuff that was being said about hte wii when it released, and look at how that turned out.

@russelmiller You're wrong. The original Wii they were trying to downplay the console's lack of power as not a big deal. This version they're promoting the fact that it actually has hardware capable of exceeding the existing console lineup. That alone is a huge difference.

@maemikemae
I don't think it's negativity only. Nintendo just took a shotgun to their face and a grenade in their pants with their "presentation". It showed a complete lack of awareness. It's like they just entered the business or something.

I have nothing against the Wii U besides its name but their "reveal" was the most confusing piece of shit presentation I've ever seen.

They clearly weren't ready to reveal anything but the controller so guess what? Don't freaking reveal anything! Mass confusion continues to ensue from it and Stockholders are generally not gamers. Or at least the ones that have millions of stock in Nintendo are not gamers for the most part.

You "show off" a system that's supposed to be better than the 360 and PS3, or at least that's what the rumors are, and you show footage of current graphics. Brilliant Nintendo! Nothing like showing how "hardcore" you are by making people think you're releasing another Wii.

Pssst! HEY NINTENDO! HEY! LISTEN! You know why Sony dumped the PSP moniker? Because of the perceived negative perception on the brand. They knew they couldn't keep it and still expand their market. So you brilliant idiots say you're going "hardcore" again while keeping the most casual system name, ever, and do it one better by adding a U. Here's another hint Nintendo, U by itself is perceived as University, not self identity and your crappy name isn't going to change that.

"I got a Wii U!"

"A Wii? who doesn't"

"No, a Wii U!"

"Me? Nah I had a Wii but I got rid of it because I wanted more than just Nintendo games."

"*sighs*"

Between this and the 3DS... I mean, I'm not a fanboy, I like gaming too much at times, but Nintendo, you're seriously retreading past mistakes here. Both are not dead in the water by any means but you have some major damage control on your hands for the Wii U (Protip: Rename it and "reveal" it properly with a better name and graphics that show off what the system is). You also need to get games out for the 3DS and fast. Like by next year fast. And no, not just Nintendo games, either.

I don't think it's arrogance just sheer stupidity and misjudgement. Which is weird because you had your groove thing going on, Nintendo.

@Mmmmz

Somebody woke up on the wrong side of the bed.

@Faceless Troll
It doesnt have hardware capable of anything right now, Aside from maybe showing a few tech demos they haven't shown anything of what the hardware is capable of at all. When it comes out they may have even adjusted their development so that it's only on par with current gen systems to save money, lower the price, and trot out the old "it's not about graphics line". Nintendo isnt a graphics leader. They use off the shelf parts just like any PC developer They might get a slight boost is shader quality But since most of the games it gets will just be ports of 360 they wont look all that much better. And then a year after that the REAL next generation consoles will be breathing down their necks.

How much the stock dropped is not the greater issue here, the issue is; all they showed at E3 that means ANYTHING to the stock holders for this fiscal year are 3DS games (many of which were shown last year) and a promise to do better next year that was backed up with nothing but smoke and mirrors and the planned obsolescence of their current money maker.

@DBuckEye
Nah, I'm not upset. I'm just being emphatic with a hint of annoyance.

You know, classic internet temperament.

@Duke Why do that when the Nintendo fanboys used to the Wii think that what everyone else has been playing for the last 5 years but with a Nintendo stamp on it is somehow groundbreaking? If any other company had shown a controller and some unimpressive tech demos they would have been torn apart on forums, but per usual Nintendo gets special treatment because of their history.

@russelmiller ..so the wii sold the best.. ok..so did the ps3 and the 360, and toe 360 & ps3 has over 60 core gamers games that the wii did not see, forcing wii gamers to purchase a ps3 or 360 to fulfill their gaming needs...the ps3 & 360 are the real winners of this generation so far...

@Mmmmz Except Nintendo isn't going to get rid of the people that gobbled up 80+ million units so keeping the Wii moniker makes sense. Hardcore gamers are making their decisions (or already have if they are fanboys) on the games available, they aren't going to make a purchase based on a name. The CASUALS OTOH, have only that to go on, well that and party games.

@GB330033

"We don't want generic brown-and-grey shooters! Give us something original, for once!"

"Wii U?! More like P.U.! Because that smells like fail! Stop trying to drive yourselves away from Sony and MS, Nintendo!"

Yabba dabba do. The hypocrisy is astounding.

@GB330033

they're making an oversized ds.

top screen = your tv
bottom screen = wii pad

the only thing missing are the hinges

Nintendo innovated with Wii and DS, introducing touch and motion controls. Whether you like them or not, you can't argue there was nothing like them before it.

Wii U is a DS HD where the top screen is your TV. I don't see anything new about it.

@GB330033

With new and powerful hardware innovation and progression comes naturally. Look at this gen games compared to last gen. More immersive, meaningful experiences. Nintendo is holding it at the "games are toys" phase. Why is that so hard for people understand?

@GB330033

I do like what Nintendo is trying to do here, I'm not sure it will pay off in the long term. The games are neat to be sure but will that matter in 2 years? MS and Sony both said that their next consoles are just a year or two away. We all know Sony will most likely announce their successor to the PS3 in 2012.

People like to say that the Wii has proven that graphics/beefy specs don't matter, but I think video game sales have proven that....yeah they do. The good people developing games for the Wii have consistently said it's hard to sell games on the Wii. It's mostly Nintendo at the top of the software pile with third-parties fighting to get a piece of the pie. Moreover, while yes for the next 2 years Nintendo will be INCREDIBLY competitive with Microsoft and Sony; in 3 or 4 years they'll once again be forgotten by EA, Capcom, Konomi, and the rest. I don't know about you guys but to me Mass Effect, Assassin's Creed, Batman Arkham Asylum, ect. were some of the best games this generation. I just really feel we'll see a repeat in a few years.

Personally I'm not being negative, just a realist. Nintendo is just staving off the inevitable in the next few years. As I said, in a couple years the true next gen system will arrive capable of playing games just not possible on the Wii U. And the Wii U will either be stuck with gimped ports or forgotten entirely.

Anyway, after seeing what the Big 3 had to offer I think I'm going to stick with the consoles I have for the next 2 years. PC Gaming is great (as always) and it's just too soon to jump on a new console without knowing first what MS and Sony have to offer.

@GB330033

It's not that they're ideas are bad.. it's that they're doing it in a way that's unimpressive. From non-multitouch screens, to odd button layouts, to what seems like another memory card non-hdd system, to freind codes still in place, to absolutely NO Nintendo 1st party software shown.....it's hard not to come away a little disappointed.

I hope it develops into what they're promising. Then I'll buy one. But I've seen the video of 10 devs saying the system is cool and that 3rd parties are a priority before...and it didn't come with the Wii. That makes me nervous. We're likely talking a lot of money to purchase this Wii U. At 250 for the Wii, it was already a lot of money to put down on a system at launch that eventually left me disappointed. I just want to make sure I don't make an even more costly choice this time around.

@GB330033 A screen in the controller? Didn't Dreamcast have that over 10 years ago, and the original Playstation also in Japan?

@TraceurRyuk Part III

MS and Sony are 'games as toys' as well. To think otherwise is just comical elitism. Sorry, your game console is a toy. It is. Always will be.

@GB330033
"But apparently all we want as gamers is the same old shit with better graphics. "

didnt nintendo fans wanted HD Zelda and Mario? and HD third-party games?

@NaeemTHM
You forget that the PS2 had a head start and the worst graphics of all the systems in its generations and it wasn't forgotten. Honestly with Nintendo looking towards the future and a "deeper and wider" audience I seriously doubt they didn't take the next generation of systems into account, they may have the worst graphics by a small margin when the others come out, but I don't think it will be enough to kill it.

@GB330033

I want something new and different, but Nintendo doesn't deliver on the quality side...remember when the wii came out and it wasn't even 1:1 movement....

@GB330033 I do appreciate their out of the box thinking, but from my perspective they seem to have created a lot of answers for questions no-one was asking. The controller is an obvious attempt to compete with the iPad and looks to be a cumbersome, expensive approach to a game interface that is as redundant to the DS as the iPad is to the iPhone. It is nice that they included full physical buttons, though.

Aside from some cute 'window' applications like the sharpshooter segment of the demo reel, the screen feels like a massively unnecessary component to the controller. Do you really need to see a golf ball sitting in the dirt when playing Wii Golf? Do you really need to have a dedicated monitor for your inventory in Zelda? Is this really going to making gaming better than, well, original imaginative games?

Looking back at the last 5 years of the Wii, how many games with any appreciable level of depth and craft were made justifiably better with the wii's controller? Sure, games like Metroid Prime did a good job with it, but they were mostly just analog to a mouse input anyway. The most widely praised Wii games were the ones that used the controller's abilities the least in most cases. Should we be excited about buying more proprietary gadgets (formerly known as controllers) so that we can sing the praises of the games that use their features the least?

There was a lot of negative buzz about the Wii when it was unveiled too, but the general public didn't hear any of it because they were overjoyed with the novelty of the interface. I wouldn't be surprised if it happened with this as well, as the tablet could probably function as an e-reader or other non-game related applications.

I think the problem is with the Wii-U it looks like Nintendo wants to throw every technology everywhere and compete with every popular gadget at once instead of focusing on a smaller set of thoughtful features that could have more genuine potential. I'm not crazy about what the competition is doing either, but gaming has become such a sprawling industry that making good games is no longer enough to ensure commercial success. We all apparently need tablets because this is what the commercial electronics industry tells us we need.

I'm okay with the Wii-U existing as is, but I certainly wouldn't get it as it no longer appeals to me as a gamer. I believe there is infinite potential left for progressive gameplay, rich storytelling, beautiful art, and unique experiences within traditional interfaces that don't consume more space, resources, energy, money, etc. like the increasingly peripheral reliant console industry is becoming.

@MarkezJM

Sorry, but when my Xbox became a movie renting-media center extending-netflix streaming entertainment hub, it passed the "toy" status.

Game consoles are closer to specialized computers than anything.

@Comet 20

Indeed, but this isn't just about graphics, it's about what the system is capable of. Sure the Gamecube and Xbox were more powerful than the PS2, but neither one out classed the system.

The gap I'm talking about is the same one we currently have between the Wii and PS3. The scope of most games on the 360 and PS3 just aren't possible on the Wii. What will Nintendo do when the next generation Assassin's Creed comes out for the PS4? Remember how silly Dead Rising was on the Wii? Yeah...exactly.

@hairypeckpeck

A giant, HD Nintendo DS with better online functionality.

And this is a bad thing?

@R Planteer

While certainly not to the extent of Sony or MS, Nintendo is providing a console as well that is more than strictly a game playing device. It's just more of 'wah wah' my game console isn't a toy but yours is. It's hilarious.

@TraceurRyuk Part III
"Look at this gen games compared to last gen. More immersive, meaningful experiences."

But that's not really being innovative. Sure, from a technical standpoint, those games are impressive to look at, but they're not really changing the way I game. I'm still playing the same FPS games, the same rpgs, the same third person action games that I've been playing for years. They just look prettier.

The Wii U has the potential (and I emphasize on the word, "potential") to be something great, and could be the shot in the arm the gaming industry needs. Because honestly, I'm finding it harder and harder to justify continuing to pay for my gaming habit.

So I'm being optimistic with this crazy new console, and I hope it turns out great. The Wii U shows that Nintendo still has balls, something that the game industry sorely lacks, and I'd be disappointed if they simply fell in line with everyone else.

@GB330033
Innovative? What's innovative about this? Touchscreens have been around for decades, and connectivity between a handheld screen and a TV has been around for decades (and done by Nintendo themselves with the GameCube with plenty of games). There's nothing innovative about this.

I wish people would stop looking at something unconventional from Nintendo and calling it "innovative". Just because it's different from the norm does not make it innovative.

@hairypeckpeck

The hinges broke off.

@Vegeta has a ps3

"But that's not really being innovative. Sure, from a technical standpoint, those games are impressive to look at, but they're not really changing the way I game. I'm still playing the same FPS games, the same rpgs, the same third person action games that I've been playing for years. They just look prettier."

1. L.A. Noire, which allows you to see emotions in the characters, and have gameplay based on it.

2. Uncharted 2, which blends cutscenes and gameplay seamlessly, with no loading screens at all.

3. LittleBigPlanet, with user generated content concept never before seen in a home console.

4. Stereoscopic 3D output.

5. Cross platform cooperative gaming between PS3 and PC on Portal 2.

6. Advanced enemy AI and realistic physics computations.

This is a lot more that just prettier versions of last generation.

@PointlessPuppies

For decades, you say? Now that you mention it, I do have a vague memory of a Colecovision Portable Touch. Or that might have been a burrito-induced dream I had once. Sometimes it's hard to tell.

@baddates77 the VMU screen was fairly useless. Sony had that tamagotchi like device... as long as the Wii U gets good reviews from early adopters I can see it taking off, it definatly looks a good thing.. No doubt I'll buy one

@MarkezJM

I think the argument is that Nintendo still approaches consoles with a "toy" mentality whereas Microsoft and Sony approach them with an entertainment hub mentality. You can argue semantics all day, but it's hard to get around the fact that the Wii, and now the Wii U feel more like novelty toys aimed at children and families while the PS3 and Xbox 360 feel more like entertainment "hubs" so to speak aimed at everyone and Nintendo doesn't seem to be very motivated to change that mindset.

@rajendra82

Wanna know what? You're absolutely right. I actually was going to come back here and comment that tech can be used as innovation as well. L.A. Noire is a fine example of innovation done by advancement of technology, something that of course couldn't be done with a Wii.

With that said, I still stick by with what I said about the Wii U. It looks to be a marvelous gaming device, and makes for an alternate way of gaming. Because honestly, I don't see why the Wii U and traditional gaming couldn't stand side by side.

@GB330033

It really is, until you read some comments and realize that for a lot of posters, their first nintendo system was probably the GC, or even the Wii. People seem to think that the GC lagged graphically behind the Xbox and PS2 for some reason, and think that Nintendo has brought nothing to the table since the SNES, which is just plain ignorance.

Especially those comments that ask: "why would I buy something that is up to par with the 360 and PS3 when I already have those?"

Well, obviously, the same reason you have both of them; for the exclusives. I don't care how much hate there is for the Wii, it had some amazing exclusives, which is why I'll be buying the Wii U as well.

Is innovative by your definition even possible anymore? All the future game technology is either obvious (better graphics, virtual reality) or at least already predicted (virtual reality)/

I think the point is to go out of your way to provide new options when you could just keep improving the graphics and using the gamecube controller.

@GB330033

The problem is when new and innovative does not equal fun and engaging..

@Urethra Alfredo

yes it is.

they're trying to be innovative with outdated technology.

they're JUST NOW getting into HD with this console and their online infrastructure is currently complete shit.