GameStop: Wii Shortages to Continue for Six Months, PS3 and Xbox 360 Price Cuts Expected

March 19, 2008 2:30 PM

GameStop COO Dan DeMatteo anticipates shortages of the Nintendo Wii to continue for at least six months, MCV reports.

Speaking on an investor's conference call about inventory expectations in 2008, DeMatteo stated that he expects the retailer's supplies of the Nintendo Wii to fall short of demand for "the next two quarters at the least.

"Supplies have continually improved," DeMatteo added. "But we still don't know when supply will meet demand for the Nintendo Wii as they continue to sell out as soon as they hit the shelves."

Keeping up with outrageous demand for the Wii has proven difficult for retailers. Across the year of 2007, there were only three instances when the Wii and the Nintendo DS were not the month's top two best-selling pieces of hardware in North America.

GameStop CFO David Carlson added that the company also expects substantial price cuts for consoles in the coming year. "We've assumed a couple [of price cuts]," Carlson said. "The Xbox [360] and the PS3 have a $50 price cut sometime in the year. We have no knowledge or verification of those, but that's just the assumption we have used."

Aaron Linde

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jonin

 reply
March 19, 2008 2:38 PM

Too late. I've already lost interest in the Wii. Maybe I'll grab one one of these days when it's 100$
- sheepraper
  
   reply
  March 19, 2008 2:50 PM
  
  I don't recommend busting ass to get one but it is worth every penny. SSBB and Metroid are fun. Zelda did suck real bad IMO.
  - [deleted] 1686759630
    
     reply
    March 19, 2008 2:52 PM
    
    [deleted]
  - jonin
    
     reply
    March 19, 2008 2:57 PM
    
    Yea I guess I meant to say I've given up on busting my ass trying to get one. I tried to give them my money,but just couldn't do it. One of these days I'll pick one up, but your right, there's only a handful of games I'd even get for it.
  - David Craddock
    
     reply
    March 19, 2008 3:07 PM
    
    You didn't like Twilight Princess? I thought it was awesome. What didn't you like about it?
  - MaxPete82
    
     reply
    March 19, 2008 3:52 PM
    
    If you didn't like Twilight Princess, you just don't like Zelda games. It was truly awesome.
    - kinnoch
      
       reply
      March 19, 2008 4:32 PM
      
      Eh I beg to differ. I like zelda games, but they really did just tack on the controls. Mario Galaxy did wii controls right...very subtle, but very useful.
      - f4lln
        
         reply
        March 19, 2008 5:17 PM
        
        well Twilight Princess was a port right? it wasnt built from the ground up for Wii.
        
        I wouldn't be suprised if a built for Wii Zelda with better usage of the Wii Remote isn't one of the next projects behind closed doors at Nintendo.
        
        OmegaRed59
        
         reply
        March 19, 2008 9:07 PM
        
        It has to be in development. They would be dumb to not do another game with the same engine. I mean, all the big games are out or almost out. Zelda has been out for a while now, it might even be due out for the holidays I would say.
- cetra00
  
   reply
  March 19, 2008 3:32 PM
  
  I was considering getting one but the lack of supply really prevented that. If they had some when I walked into Best Buy one day looking to spend money I probably would have bought one.
  
  But now I'm just going to hold off for a while. I don't like the current situation with 3rd party software either so that's another major reason to just wait it out and see.