New console is no game-changer, say UBS analysts, sending Nintendo's stock price sharply down.
This article titled “Wii U fails to impress markets” was written by Graeme Wearden, for The Guardian on Thursday 9th June 2011 16.50 UTC
Nintendo described the Wii U as its best-ever games console when it unveiled it this week, but it has failed to thrill the markets.
Shares in the Japanese consumer electronics firm have fallen by more than 10% in the two days since the lid was lifted on its next-generation console, above. A downgrade from UBS on Thursday helped to push the stock down to ¥16,160 (£123), its lowest level since February 2006 – months before the original Wii was launched to huge acclaim.