Nintendo shares hit a 5-year low

After Nintendo unveiled the latest generation of video games consoles, some market analysts questioned whether the product could create the same brilliant impact as the Wii, which hit a 5-year low. As the world's largest video game maker, Nintendo will start selling a new generation of video gaming machine Wii next year. Wii is a motion-sensing device and the first High-definition video game console released by Nintendo. Reiger Feuimy Reggie Fils-aime, Nintendo's US president, says Wii supports all games on the Wii. Mitsubishi UFJ Securities (Tokai Tokyo Nomura Co.) Analyst Yusuke Tsunoda said, "The market is full of anticipation for a new generation of Wii video games, and Nintendo's newest product is still a distance from this expectation." People had hoped to see some heavyweight products in the electronic entertainment show (Electronic Entertainment expo,e3), but they did not actually appear. "Nintendo President Rock Iwata (Satoru Iwata) needs Wii to help Nintendo recover its performance growth. including Nintendo, Sony and other specialized hardware equipment manufacturers, are now facing the fierce challenges from mobile device manufacturers such as Apple. Nintendo's shares fell 7.5% per cent in the Osaka Stock Exchange in Tuesday, at 16100 yen, a record low since April 28, 2006. Nintendo's share turnover reached 1.67 million shares, far exceeding the average of 724,000 shares in the past 6 months. Nintendo did not disclose the price of a new generation of video game consoles Wii, previously known as the "Coffee Project" (Project Cafe). Wii with a front-facing camera, 6.2-inch touch screen, expanded SD slot, can be controlled by flat pad control game. Players can also wirelessly connect the game to the home screen to transmit content. Nintendo started selling 3DS handheld consoles this February. Nintendo expects 3DS sales to be expected to reach 16 million in the fiscal year ending March 31, 2012. The 3DS, priced at $250, has been sold in the US, Europe and Japan markets.