"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).
Nintendo has plans to boost Wii production
Posted on Tuesday, May 01 2007 @ 08:16 CEST by Thomas De Maesschalck