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Iwata Puzzled By Nintendo Stock Price Drop

CEO suggests that people will have to try out the Wii U to fully understand its potential.

Electronic Arts CEO John Riccitiello voiced support for Wii U at Nintendo's press conference.

Nintendo's stock has dropped almost 10% in the two days following Wii U's announcement at E3. So what's troubling investors?

If you have the answer, Nintendo CEO Satoru Iwata would like to know! In an E3 interview with Reuters, Iwata said "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."

One possible reason for the negative reaction amongst investors is that they may be misunderstanding the potential for the device. "It is easy to get the mistaken impression that this is just a game console with a tablet," Iwata told Reuters. "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."

Wii also had an initially mixed reaction following its announcement back in 2006, Iwata reminded.

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