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E3 2011: Nintendo stock continues post-Wii U decline

House of Mario's share price drops another 4.6 percent two days after new console is announced.


LOS ANGELES--Investors are not giving the Wii U a vote of confidence. Two days after the new console was unveiled at the Electronic Entertainment Expo in Los Angeles, Nintendo's stock continued a two-day slide on the Tokyo Stock Exchange. Today, the company's share price shed another 4.6 percent of its value, ending trading at ¥16,160 ($201.21).

Nintendo's share price is taking a beating following the Wii U unveiling.
Nintendo's share price is taking a beating following the Wii U unveiling.

The continued decline comes in the face of increased third-party support for the Wii U. Last night, Nintendo and Ubisoft held a joint press event at which the latter publisher announced it had five titles in development for the console. It showed off two of them: Killer Freaks From Outer Space, which will use the Wii U controller's screen as a gun sight, and Ghost Recon Online, which will have its own "always on" social network. The French publisher is also developing Assassin's Creed and Raving Rabbids titles for the console, as well as an unnamed sports game.

Ubisoft isn't the only third party supporting the Wii U. Activision, Electronic Arts, Tecmo Koei, Namco Bandai, THQ, and Warner Bros. have all publicly rallied behind the console. Games confirmed for the platform include Ninja Gaiden 3: Razor's Edge, a new Tekken, Darksiders II (at launch), and Batman: Arkham City.

For more on Nintendo's vision for the Wii U, check out the company's E3 2011 press conference.

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