A Wii problem

Nintendo new product is causing some skepticism
Nintendo’s President Satoru Iwata displays the Wii U during E3, the Electronic Entertainment Expo, in Los Angeles June 8, 2011. The Wii U, complete with a new touchscreen controller, is aimed at winning back hardcore gamers from rivals such as Microsoft Corp’s Xbox and won early praise from industry critics at its launch at the E3 videogame expo on Tuesday. Iwata dismissed questions about the new console’s lack of emphasis on network capabilities and said the company’s hit games had always been social. The entire console is still under development, but is expected to go on sale between April and December 2012. REUTERS/Phil McCarten (UNITED STATES - Tags: SOCIETY SCI TECH BUSINESS)
A Wii problem
Phil McCarten/Reuters

Nintendo president Satoru Iwata unveiled the hotly anticipated successor to the Wii gaming console last week at the E3 games show in Los Angeles. The Wii U, which won’t go on sale until next year, features a tablet-style controller that lets gamers take the game “off the TV,” and play using both screens or surf the Internet. But while the device got a warm reception from the assembled masses, it didn’t fare so well among investors. Nintendo’s shares fell nearly 10 per cent over the following two days. Analysts said it wasn’t immediately clear how the device worked. Was it just another tablet, or a whole new outlook on gaming, as Iwata promised? It didn’t help that no full-fledged games are yet available to demo the hardware. Of course, the original Wii was met with a similar puzzled response following its initial debut five years ago. Nintendo’s shares later tripled as the console went on to become a bestseller.