Nintendo's Shares Hit Five Year Low Following Wii U Reveal

By Darryl Kaye on June 8, 2011, 11:19PM EDT
Wii U

Following the official announcement of Nintendo's Wii successor, the Wii U (formerly known as Project Cafe), the company's shares fell to their lowest for more than five years.

More than 2.2 million shares changed hands throughout the day, much higher than the typical 720,000 which has been observed over the past six months.

This has prompted some analysts to doubt whether Nintendo can replicate the success of the Nintendo Wii, stating that what Nintendo showed fell short of expectations.

Source: Bloomberg

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