Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

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?