Nintendo has ruled out increasing Wii production until April at the earliest.
According to Gamefront.de, Jinyou Mori, Senior Managing Director of Nintendo of Japan said that the company intends to maintain monthly production rates at their current levels for the rest of the financial year, which runs until 31 March 2008.
At present, Nintendo is manufacturing 1.8 million Wii consoles a month. Although this has been just about enough to keep up with demand during quiet times, it’s has left Nintendo unable to supply enough consoles during periods of peak demand.
And it’s not just disgruntled Christmas shoppers who are concerned by this, with the shortages also denting investor confidence in the Japanese console manufacturer.
Although Nintendo’s quarterly profits doubled during Q4 2007, Nintendo shares plummeted nearly 10 per cent today amid fears that the strong Yen and supply shortages could hamper its overall profits for the current financial year.
Speaking to Reuters.com, Rakuten Securities analyst Yasuo Imanaka said “In the United States and Europe, shortages of the Wii and DS are getting serious.
“Nintendo will surely boost production in the next business year.”
Nintendo has ruled out making any further announcements on the subject until it reveals its annual earnings in April.