Wii U fails to address investor concerns

The Wii U is aimed at winning back hardcore gamers from rivals such as Microsoft Corps Xbox but fails to address investor concerns. The launch of Nintendo Co Ltds next-generation Wii console failed to address investor concerns that the firm is missing gaming markets shift to social networking. Nintendo remained too centered on hardware as the market increasingly shifts to a battleground over software, with games played over Internet networks linking millions of players. Investors warned the company to reconsider its business strategy and move more aggressively into social gaming operations. Nintendo retains the lead in gaming hardware, but is struggling to win users from Microsoft and Sony Corp after the disappointing introduction of its 3DS handheld device.Nintendo shares closed down 5.7 percent in Japan hitting levels not seen since before the original Wii was launched to rave reviews in late 2006.