Nintendo shares fall following E3 presentation

The Japanese stock market has reacted badly to Nintendo’s E3 presentation, with stock in the company falling 2.68 per cent since trading opened today.

Nintendo’s conference has been widely criticised by the consumer press, with nearly all lamenting the lack of new games announcements – headline-worthy reveals were expected with the machine’s launch only around six months away.

It was also seen as Nintendo’s last chance to get a head start on Sony and Microsoft, who are both expected to reveal their new hardware at, or even before, E3 2013.

Investors were seemingly more impressed with Sony, with its shares on the Tokyo Stock Exchange climbing 2.14 per cent overnight. They performed even better in New York, gaining 3.21 per cent.

Interestingly, shares in Ubisoft – hailed by many as the ‘winner’ of this year’s E3 – have climbed nearly five per cent since its excellent E3 showcase.