The Nintendo Wii U (also known as Project Cafe, Wii HD, or Wii 2) has been announced and revealed at E3 2011. Despite a generally positive reception amongst gamers to the system's ability to play multiplatform games like EA's Battlefield series, Nintendo originals like a new Smash Brothers game, and huge screens on the controller being streamed video feed of the game being played. Nintendo tumbled as much as 7.5 percent to 16,610 yen as of 1:21 p.m. in Osaka trading, their lowest intraday price since April 28, 2006. More than 1.67 million shares changed hands, compared with a six-month daily average of 724,000.
Unfortunately, the entire concept of the system had already been leaked long before it came to surface even down to the controllers which the gaming community began to thought of as a suped up version of the VMU from Sega Dreamcast controllers. This may have contributed to the negative response in traders and investment bodies. Destructoid even reported that the footage shown for Nintendo Wii U's third party support such as Darksiders II was footage taken from the PS3 and 360 versions of the games. Nintendo's shares have fallen in response to their show at in LA for E3 2011. There is currently no price set for the system and its controllers. “As an industry what we haven’t achieved yet is a game platform that is equally satisfying for all players,” Iwata said. “This is exactly what we intend to create with our new home platform.” [Bloomberg]
