Nintendo’s Wii U will likely be missing some of the features promised for this weekend’s launch, but that won’t turn away buyers. In fact, many analysts are predicting shortages as the holiday rush for the company’s next-gen console kicks off in the U.S.
Michael Pachter, a Los Angeles-based analyst at Wedbush Securities Inc., told Bloomberg Business News that he expects the Wii U to sell out during its first six months, with demand dropping to 10 million units for the following year.
While these numbers are promising, they’re still well below the standard set by the Wii U’s predecessor, the Wii. The Wii sold almost six million units in its first four months on the market, then another 18 million the following year. While Nintendo has declined to provide any information related to its initial forecast for the system’s launch, a spokesman for the company did say they expect to move 5.5 million units by March 31, 2013.
βIt has now become more likely that it is our production capacity, rather than consumer demand, that will place limits on our Wii U prospects for this calendar year,β Nintendo President Satoru Iwata told investors last month.
According to GameStop President Tony Bartel, more than 500,000 people are currently on a waiting list for the Wii U at the company’s retail locations, and there have been more than 1.2 million orders placed for Wii U titles worldwide — a number that’s twice as large as that of the early orders for Nintendo Wii titles ahead of the system’s launch.
The biggest blunder since Virtual Boy and N64 in 1995
I rather wait…. Like I always do lolol
That’s a good thing, right? They exceeded expectations (albeit admittedly low expectations)
Nintendo did the same thing with the Wii launch. People were actually following UPS trucks to the store and asking if they were delivering Wii systems. One of the main reason Wii U pre-orders sold out so fast is because of multiple pre-orders from the same person. They do this so they can charge $900 and up on Ebay/Amazon for desperate buyers). The Wii and Wii U are actually digital forms of the Cabbage Patch Kids launch
http://www.youtube.com/watch?v=9sOlIvx7Pvs.
I hope to have one shortly after midnight tomorrow. Just need to find who is going to be open then in my area. I have no intention of driving more than 30 minutes away.
had them at Kmart yesterday….the black ones..and is a fun system….Super Mario is a blast!…too bad no Zelda!..yet
EXPENSIVE!??! $250 is Expensive?! I guess you miners well just buy an XBox 360, that was $400 at Launch. That still sold to the average family. or a Sony PS3. That was $600 at Launch, still sold to the average family.
No Andrea, a $250 is NOT expensive to the average family. To a poor one maybe.
They can give my Wii U to someone else. I’m passing because its way too expensive for the average family.
sony
They Are Storing Them In A Warehouse Like They Did With The Wii To Drive Up Demand
I’ll stick with Sony. :)
It’s a gimmick … one that Microsoft is bringing to the table by using existing technology – SmartGlass for smartphones and tablets. Who wants to pay more money for a new system, especially when the library of games for it is weak?
isnt that always the case?
Do you think Nintendo is intentionally limiting supply to make it look like they are selling out to get people more interested in their product? Typical console maker strategy right?