Nintendo boss stunned as shares drop down the loo

Nintendo President Satoru Iwata is feeling a bit confused after shareholders gave a thumbs down to his outfit’s future.

Shares in the console maker tanked after the company showed off its Wii-U successor, falling ten percent in two days.

Iwata said that the console, which features a tablet-style controller and high-definition graphics, had to be played to be understood. Those who had a look at it at the E3 games show this week liked it and he could not work out why shareholders were reacting so badly.

He had seen all this before. When the original Wii was released in 2006 shareholders had a mixed reaction. Probably because Microsoft and the PS3 had something called graphics while the Wii had a novelty controller.

Like then, it seems to indicate that those who had not experienced the new gadget did not fully understand its potential.

Iwata told Reuters  that it is easy to get the mistaken impression that the Wii -U is just a game console with a tablet.

People who have not tried it will find it hard to believe that the controller will change things, he said.

Nintendo claims the new gear will unite the casual gamers who bought the Wii and the more dedicated hardcore gamers who tend to prefer rival Sony’s Playstation or Microsoft’s Xbox.

He said his outfit worked hard on winning over the third-party game developers favoured by serious gamers, who did not like the Wii.