If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Nintendo stock falls to lowest in five years following Wii U announcement

After Nintendo announced Wii U at E3 yesterday, share prices for the firm were the lowest in five years, according to Bloomberg.

Nintendo stock fell 5.7 percent to 16,930 yen at the close of trading in and over 2.2 million shares changed hands, compared with the  six-month daily average of about 720,000 shares moved.

"There were high expectations from the new version of the Wii and this fell far short," said analyst Yusuke Tsunoda. "People had expected to see something more at a big event like the E3, but there wasn't really anything more than what's already reported."

Yesterday, Iwata said Wii U will likely cost around $250 in Japan next year, said Japanese newspaper Nikkei.

Thanks, Eurogamer.

About the Author

Stephany Nunneley avatar

Stephany Nunneley

News Editor

Half-blind/half-dyslexic, bad typist, wine enthusiast, humanitarian, intellectual savant, idiot savior, lover of all things nonsensical, animal hoarder and highly sarcastic.

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch