Wednesday, September 10, 2008

Wii Might Repeat Last Year's Sell-Outs

The CEO of GameStop said as part of an interview with Gamedaily

"I've never seen this type of demand before. I know they're making more, but we're still short like everybody else. I think we'll have a continued shortage this Christmas. I don't see a near-term end in sight for Wii shortages, not unless they really ramp up supply. I think they've ramped it up 20 percent or so, but Nintendo is fairly cautious by nature. They ramped it up 20 and it's still evaporating."

I predicted this same thing back on January 31st of this year. I said Wii resale prices will be above $400 this Christmas season. I stand by my prediction but I don't think the price spike will be as bad as last year's. See the chart below for the 2007 Wii prices.

Wii prices increased almost $200 during November 2007. Right now Wii Console's are selling for $250, the retail price. If the GameStop CEO is right, this is probably the lowest price the Wii Console will be the rest of 2008.


mndrix said...

Time to cash out my retirement savings and start buying Wiis.

Unknown said...

My student loan is going towards a stack of Wiis. lol. I hope you're right, because I think it will be a repeat too.

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