Nov. 13 (Bloomberg) — Nintendo Co.’s Wii console sales fell for the eighth straight month in the U.S., as a 20 percent price reduction failed to lift purchases of the world’s leading video-game platform.
Sales of Kyoto-based Nintendo’s Wii fell 37 percent to 506,900, those of Sony Corp.’s PlayStation 3 rose 70 percent to 320,600, while they dropped 33 percent to 250,000 for Microsoft Corp.’s Xbox 360, researcher NPD Group Inc. said yesterday in an e-mailed statement…
“Investors are getting used to looking at weak numbers for the Wii,” Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co., said by phone today. “The Wii’s period of expansion is over and investors’ attention has turned to Nintendo’s new hardware strategy.”
This information may be technically correct but it is reported in a very negative light. Look at the U.S. sales graph below and tell me which company you would rather be.
If Nintendo is in trouble Sony and Microsoft are on life support in a room with an EMP that is set on a timer.
Full article here.
-Justin
