Nintendo comment on falling share prices


Following Nintendo’s E3 Media Presentation reveal of the Wii U, the company’s share prices fell to a five year low.

Today, Nintendo have commented on such an occurrence, reminding sceptics that the same thing happened following the unveiling of both the Wii and Nintendo 3DS.

“We’re really pleased with the way people reacting to it, and people are getting what we are trying to communicate,” commented Charlie Scibetta, Nintendo of America’s Senior Director of Corporate Communications.

However, surely the fall in share price is a concern? Not at all. “The same thing happened with the Wii -there was a dip in the stock,” he said. The company’s stock also dropped 10 percent on the announcement of the 3DS.

“We’re all about creating evangelists here at the show, and people who can take our message. If they like what we have to offer they can take that outside. We’re generating a positive buzz here at the LACC,” Scibetta explained. “As people learn about the Wii U, things like stock price and public sentiment will take care of themselves, because we think the console is that strong.”

Alex Seedhouse
After starting out with a Yellow Game Boy and a copy of Donkey Kong Land, Alex once hid in his room to play The Legend of Zelda: Ocarina of Time one Christmas. Now he shares his thoughts on Nintendo Insider, keeping track of everything to do with Nintendo.
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