Nintendo's stock price has hit its lowest point in more than five years following the Wii U announcement.
Investors had high expectations before the official announcement but it seems that those expectations were not met by the Wii U, prompting several analysts to declare their skepticism about the potential success of the upcoming console.
This has resulted in a surge in the number of daily transaction on the company's stock which tripled from 720,000 on average to 2.2 million buying and selling transaction on the announcement day, ending with a 5.7% share price drop to ¥16,930 ($212).
"There were high expectations from the new version of the Wii and this fell far short," Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co. told Bloomberg. "People had expected to see something more at a big event like the E3, but there wasn't really anything more than what's already reported."