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Analysts disappointed over lack of Wii U price, tech specs, release date

Industry analysts have weighed in on Wii U post Nintendo's E3 press conference, and many are concerned over the fact there is still every little known about the console.

Sterne Agee analysts Arvind Bhatia and Brett Strauser were hoping a launch date and price would be announced, and they would have have liked to seen more games taking advantage of the GamePad.

"Most of the third party publishers we spoke to seemed to be lukewarm about the Wii U console and don't seem to be developing games for it aggressively," said the duo in an industry note. "That said, Nintendo has always had the ability to surprise everyone."

Wedbush Securities' Michael Pachter was disappointed as well regarding the lack of a firm release date, and was also disappointed that Nintendo is still keeping everyone in the dark regarding Wii U's tech specs.

"Overall, we were disappointed with the Nintendo presentation, as many key questions about the Wii U remained unanswered, a year after the console's official introduction, and less than seven month's before its scheduled release," he said in his note. "We would have liked additional information on Wii U's technical specifications, release dates, and pricing.

"Also, it remains unclear at this point whether Nintendo will have the third-party support needed for Wii U to appeal to a wider audience of gamers."

However, Baird & Co's Colin Sebastian spoke more positively in his investors note, stating that while he still wants to know more about the console, Wii U looks to be "a clear improvement over the Wii."

"It also appears that Nintendo is targeting its traditional fan base, as well as younger audiences, although we see an opportunity to attract core gamers growing impatient for the launches of the next-generation Xbox and PlayStation," he said.

Thanks, GI International.

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