Iwata Promises Wii Production Increase


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 Following details of Nintendo’s record breaking full year financial results yesterday, company president Satoru Iwata has labeled worldwide shortages of the Wii console as “abnormal” and promised to increase deliveries by May next month.

Iwata Promises Wii Production IncreaseQuoted in an Associated Press report, Iwata said, "We must do our best to fix this abnormal lack of stock. We have not been able to properly foresee demand."

Iwata refused to confirm current monthly production capacity for the Wii, which has been so difficult to obtain months after its launch that it has seen accusations of Nintendo purposefully withholding stock to stimulate consumer interest.

No indication was given of how much production would increase, but Iwata did reveal that new Nintendo DS consoles, which are also supply constrained in some markets – particularly Japan, are being manufactured at a rate of 2.5 million units a month – the highest ever for a Nintendo console.

Yesterday Nintendo revealed that the company’s net profit for the financial year ended March 31st, had risen by 77 percent to ¥174.3 billion ($1.47bn), with sales up by 90 percent to ¥966.5 billion ($8.10bn). A total of 5.84 Wii consoles had been sold by the same date – roughly meeting the company’s target of six million.


Posted by Art_Sempai @ 4/27/2007 06:47  |    3

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kakikukeko (Level 5 Detective) @ 4/28/2007 04:01
off topic, but I agree 100% with the comment below

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BruceJuice (Level 4 Mercenary) @ 4/27/2007 21:01
I for one think that a Wii and an Xbox 360 can sit quite happily on a tv stand....

I'm quite happy to see Nintendo pwning the competition.

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silent sniper (Level 1 Depressed) @ 4/27/2007 16:48

finally. im one of the only people in my school with a wii


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