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Wii U related Nintendo share slump is 'strange' - Iwata

Nintendo CEO says people need to play the new console to understand it

Nintendo CEO Satoru Iwata seems bamboozled by the slump in Nintendo's share prices following the Wii U reveal at the company's E3 press conference this week.

Iwata says the apprehension from investors could be because they don't yet understand how much potential the new console has to change the way games are played.


"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. It's strange," Iwata told Reuters.

"It is easy to get the mistaken impression that this is just a game console with a tablet," he suggested.

"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."

[ SOURCE: Reuters ]