Nintendo President confused by Investor reactions during E3

Nintendo focused this year’s E3 on two things: 3DS and the announcement of Wii U. The Wii U won’t go on sale until next year and because of that specifics on the new console/controller were not announced.

Perhaps this lead to the consumer confusion about the announcement because Nintendo shares fell almost 10 percent in two days after the press conference.

“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.”

Iwata was quick to point out that people also doubted the Wii in 2006. The concept for the Wii U is to bring new gaming experiences to both casual and the more dedicated hard core gamers.

“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.”

[source Reuters]