Wii Shortage 'Deliberate,' says GameStop Executive
Comments about Wii, PS3 follow annual financial report.
It's the first rule of economics: carcity = value. That's why it's hardly a surprise to hear R. Richard Fontaine, CEO of GameStop, saying that his company's profits may be about to ride the crest of "a cycle on steroids."
Why? Because Fontaine believes Nintendo is about to release the floodgates on the lamentable Wii supply drought -- a drought which GameStop feels may be the result of a cannily played Nintendo supply-and-demand strategy. Gamasutra has an article up at the moment in which a few statements made by Fontaine and other GameStop executives are quoted, directly following an investor-level financial reports conference.
GameStop's COO Dan DeMatteo also made the following statement to the press: "I believe that next week we get our first allocations of Wii and DSs and we are quite pleased with those numbers. We were concerned about the dryness here in March, but it looks like April is going to be good. [...] I don't think [more shortages] are going to be an issue...and this just my opinion, but I think [Nintendo] intentionally dried up supply because they made their numbers for the year. The new year starts April 1, and I think we're going to see supply flowing."
More and Source: http://www.1up.com/do/newsStory?cId=3158275
I know a lot of GameStop/EB Games stores as well has Best Buy stores haven't received any shipments in weeks.
If this is true, the Wii floodgates are about to open.
Comments about Wii, PS3 follow annual financial report.
It's the first rule of economics: carcity = value. That's why it's hardly a surprise to hear R. Richard Fontaine, CEO of GameStop, saying that his company's profits may be about to ride the crest of "a cycle on steroids."
Why? Because Fontaine believes Nintendo is about to release the floodgates on the lamentable Wii supply drought -- a drought which GameStop feels may be the result of a cannily played Nintendo supply-and-demand strategy. Gamasutra has an article up at the moment in which a few statements made by Fontaine and other GameStop executives are quoted, directly following an investor-level financial reports conference.
GameStop's COO Dan DeMatteo also made the following statement to the press: "I believe that next week we get our first allocations of Wii and DSs and we are quite pleased with those numbers. We were concerned about the dryness here in March, but it looks like April is going to be good. [...] I don't think [more shortages] are going to be an issue...and this just my opinion, but I think [Nintendo] intentionally dried up supply because they made their numbers for the year. The new year starts April 1, and I think we're going to see supply flowing."
More and Source: http://www.1up.com/do/newsStory?cId=3158275
I know a lot of GameStop/EB Games stores as well has Best Buy stores haven't received any shipments in weeks.
If this is true, the Wii floodgates are about to open.
Ahh, the good old days.
