Miyamoto: "Nintendo Wii U is okay I guess sort of not really"

[Amake]

The thing is they don't really have any competition. Sony and Microsoft are offering videogames for gamers, while Nintendo offers games for playing. They're not quite in the same business. What Nintendo is doing here looks to me like effectively distancing themselves from the technology porn hardware race that makes up most of the videogame industry, which furthers their distancing from the hardcore gamer fanbase, which makes it even easier for them to sell the crap we find insulting to basically the same target group who buys and Monopoly and Scrabble and playing cards. And if you recall the sales figures of the Wii, it's not a bad business. At this point they shouldn't even have to market their next thing in order to make it the best selling thing since Wii, but if they do they certainly won't be using its technical specs as a selling point. How many people do you figure base their purchase of an easy-bake oven on how fast it reaches the optimal temperature?

By the way I seem to recall Nintendo being a privately owned company that doesn't sell stocks, much to the disappointment of everyone who dreamed of becoming a billionaire and being able to own Nintendo and tell them what games to make. Where are you getting that their stock is sinking?