Sunday, March 30, 2008
Wii Shortage Caused by Weak Dollar?
Dallas News writer Victor Godinez thinks he may have stumbled onto the golden reason behind the Wii Shortage.
"With a weak dollar, foreign companies that sell their goods in the U.S. for dollars and then convert those dollars to their native currencies get a smaller profit than if they sell their products in countries with strong currencies of their own (such as Europe with the euro). In other words, Nintendo makes a bigger profit on Wiis sold in Europe than on Wiis sold in the U.S."
We think this could possibly be the most insightful piece of finance-game related news in years....except who knew Europe had an excess of Wii?