- Join Date
- Apr 2005
Nintendo President Reggie Fils-Aime warns of Wii Shortages
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. More PlayStation 3 News...