Nintendo Shares Plummet After Wii U Showing

Japanese investors had an important message for Nintendo this morning: go back to the drawing board! The popular game maker and console manufacturer failed to impress anyone with its lackluster presentation at this year's Electronic Entertainment Expo, signaling the demise of console gaming and the potential death of the game industry's greatest innovator. According to MCV (via My Nintendo News), Nintendo (NTDOY) shares have fallen 2.68% since the market opened in Tokyo. Sony SNE, meanwhile, climbed 2.14% in Japan and rose roughly 1.5% in America. Microsoft MSFT is rising as well, gaining nearly 1.6%. What does this mean for Nintendo, a company that relies solely on the game industry? Nothing good, that's for sure. Nintendo may have produced some of the most popular games of all time, and it may own some of the most significant properties in entertainment. But if it doesn't utilize those properties and produce content that consumers can't live without, there is no way the company can survive. Follow me @LouisBedigianBZ