Nintendo has plans to boost Wii production

Posted on Tuesday, May 01 2007 @ 08:16 CEST by Thomas De Maesschalck
Last week Nintendo's president said they have plans to resolve the Wii shortage problems.
"We must do our best to fix this abnormal lack of stock," Nintendo President Satoru Iwata told reporters. "We have not been able to properly foresee demand."

The comments came a day after the Japanese manufacturer of the Wii — which comes with a wand that can be used as a sword, tennis racket or fishing rod depending on the game — reported that sales nearly doubled for the fiscal year, lifted by robust sales of the Wii and the DS portable, a handheld video game.

Kyoto-based Nintendo Co.'s net profit jumped 77 percent to 174.29 billion yen ($1.47 billion) in the year through March, up dramatically from 98.38 billion yen a year earlier. Sales soared 90 percent to 966.53 billion yen ($8.13 billion).

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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