Pachter: Blame weak dollar for Wii shortage in the U.S.
While the U.S. and many parts of the world still can’t get enough of the Nintendo Wii, Wedbush Morgan analyst Michael Pachter believes that supply should be able to satiate the need of clamoring fans. He foresees sufficient stock hitting retailers in the future, but a condition must be met. Head over to the full article to find out what it is.
Since the Nintendo Wii is selling like hotcakes, talks about shortage of the white hot console are rampant. For Wedbush Morgan analyst Michael Pachter, this isn’t very surprising and the root cause is apparent – the weak dollar is to blame, since Ninty would rather sell the motion-sensing machine in countries with stronger currencies.
In an interview with The Dallas Morning News, Pachter explained that Nintendo is being perfectly rational by shipping more Wii units to Europe where the Euro would net the company better income.
The revered game industry analyst said he believes Wii shortage in North America will be taken care of when European demand for the console subsides. If Pachter is right on the money, that means the U.S. shortage problem may last until late this year before Nintendo ships surplus units from Europe.