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Edition: U.S. Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read Trial session ends early as Casey Anthony takes ill 09 Jun 2011 Alabama sets nation's toughest immigration law 09 Jun 2011 Alleged Weiner nude photo released by radio hosts 09 Jun 2011 One dead, four others wounded in Brooklyn boardwalk shooting 09 Jun 2011 Nintendo president puzzled by investor reaction to Wii U 09 Jun 2011 Discussed 88 Alabama governor signs nation’s toughest immigration law 79 ”The world is getting warmer”: Romney 72 U.S. debt default unimaginable, creditors say Watched The next chapter for Hillary Clinton? 10:04am EDT Bodypainters apply their skill Mon, Jul 19 2010 Four-year-old takes art world by storm Mon, Jun 6 2011 small business Talent search favors tech giants Recruiters say the Web 2.0 hiring boom, which counters nationwide unemployment above 9 percent, shows no sign of abating. And startups are having to be very creative to lure potential hires away from Google and other tech giants. Full Article Silicon Valley recruiter: "Everyone's desperate" 5 reasons to join a startup after graduating Nintendo president puzzled by investor reaction to Wii U Tweet Share this Email Print Related News Videogamers seek more peace, less war Thu, Jun 9 2011 Spoelstra vows to get James back on track offensively Wed, Jun 8 2011 Videogame publishers in surprise move back Nintendo Wed, Jun 8 2011 Nintendo Wii U underwhelms investors Wed, Jun 8 2011 Nintendo lifts lid on Wii U, seeks hardcore gamers Tue, Jun 7 2011 Analysis & Opinion E3: Strauss Zelnick dishes on Wii U, Zynga and why foie gras tastes better than chewing gum “Modern Warfare 3″ vs “Battlefield 3″ fight turns ugly Related Topics Technology » Hot Stocks » Asian Markets » Media » Attendees wait in line to see the new Nintendo Wii U controller during the Electronic Entertainment Expo, or E3, in Los Angeles June 7, 2011. Credit: Reuters/Mario Anzuoni LOS ANGELES | Thu Jun 9, 2011 9:20pm EDT LOS ANGELES (Reuters) - Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood. Shares in Nintendo fell almost 10 percent in the two days following the company's splashy presentation of the Wii U, which features a tablet-style controller and high-definition graphics, and goes on sale next year. "Honestly speaking, the reaction to (Tuesday's) presentation and what I heard from people I met and the mood of the convention did not chime at all with what happened in the stock market," Iwata said in an interview at the E3 games show in Los Angeles on Wednesday. "It's very strange." But he added that the reaction reminded him of the mixed reaction to the original Wii in 2006 and that it showed that those who had not experienced the new gadget did not fully understand its potential. "In the end, it is easy to get the mistaken impression that this is just a game console with a tablet," he said. "People who came to the presentation and tried it out have understood very well that it opens up a lot of new possibilities. But people who have not tried it will find it hard to believe that this controller will change things." In the year following the launch of the first Wii in November 2006, shares in Nintendo tripled but have since given up all those gains. The stock was down 0.6 percent at 16,080 yen on Friday. Nintendo is emphasizing its plans for the Wii U to bring together the casual gamers who bought the Wii and the more dedicated "core" gamers who tend to prefer rival Sony's Playstation or Microsoft's Xbox. "At the moment, there is a barrier between the Wii, which is seen as for casual users and the other companies' consoles, which are seen as for core gamers. We are questioning whether that barrier needs to be there," said Iwata. To that end, Nintendo worked hard on winning over the third-party game developers favored by serious gamers, who failed to back the Wii. At E3 this week, both Electronic Arts Inc, known for its sports titles, and Activision Blizzard, the owners of the Call of duty shooter franchise, voiced strong support for the Wii U. (Reporting by Liana Baker and Isabel Reynolds; Editing by Lincoln Feast) Technology Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (1) Cru wrote: “At the moment, there is a barrier between the Wii, which is seen as for casual users and the other companies’ consoles, which are seen as for core gamers. We are questioning whether that barrier needs to be there,” That controller is your plan to break the barrier? How is it that you don’t understand the market reaction? Jun 10, 2011 2:04am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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