Nintendo President Reggie Fils-Aime warns of Wii Shortages


288w ago - Nintendo of America President Reggie Fils-Aime has again warned that they may struggle to meet the huge demand for the Nintendo Wii this holiday.

To quote: Fils-Aime was cautious on whether the company would be able to meet demand again this holiday.

"I don't know if we'll be able to, but were we to get in a car right now and go to 100 retail locations in the San Francisco area, we would not be able to find a Wii in at least 60 of those stores," he says. "Our hope is that by next week, the Friday after Thanksgiving, and on Dec. 23, you'll be able to find a Wii."

Analysts anticipate strong sales for the Wii despite predictions of a broad decline in spending on consumer electronics. "It will sell well," said Lazard Capital equity research analyst Colin Sebastian in an e-mail. "The console remain in high demand, and I expect retailers will be using Wii's to attract store traffic throughout the shopping period."

The Kyoto-based company's profits increased 48% to $2.6 billion in profits in its 2008 fiscal year, which ended in March. Nintendo reports its next quarterly earnings on Oct. 30.



Stay tuned for more PS3 Hacks and PS3 CFW news, follow us on Twitter and be sure to drop by the PS3 Hacks and PS3 Custom Firmware Forums for the latest PlayStation 3 scene updates and homebrew releases!

Comments 0 Comments - Go to Forum Thread »

Quick Reply Quick Reply













Affiliates - Contact Us - PS3 Downloads - Privacy Statement - Site Rules - Top - © 2014 PlayStation 3 News