Just a Wii Bit Too Few for the Holidays
Monday, October 08, 2007
By: Damon Brown
Nintendo (NTDOY) will be offering up nothing but disappointment to tens of thousands of kids this holiday season.
The red-hot video-game company, whose stock has more than doubled this year on the runaway strength of the Wii game console, said it cannot keep up with demand and that U.S. consumers should expect shortages this holiday season.
Reggie Fils-Aime, the president of Nintendo of America, didn't give any precise reasons for the snafu, and George Harrison, the company's marketing chief, said Nintendo was making the Wii consoles as fast as it can.
