Nintendo's president Satoru Iwata finds the fact that Nintendo's shares have declined to be "very strange".

Following their Wii U unveiling on Tuesday shares of the company have dropped for two days in a row, declining by 10% since Monday. While Nintendo's Charlie Scibetta brushed it off as being typical of a new console announcement Nintendo's president seems less blasé.

Mr. Iwata is quoted by China Daily as saying: "Honestly speaking, 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 very strange."

However, like Mr. Scibetta before him Mr. Iwata reminded us that after the Wii was announced shares declined and we all know how well the Wii ended up selling. He also acknowledges that initially everyone may not understand the purpose of the Wii U or why Nintendo has faith in it's future:

"In the end, it is easy to get the mistaken impression that this is just a game console with a tablet. 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."