Dan DeMatteo CCO of GameStop has accused Nintendo of deliberately holding back its stock of Wii consoles. During a conference call following the release of fourth quarter sales, DeMatteo stated that he believes that because Nintendo had reached its targets for the 2006 fiscal year, it held back stock to boost performance in Q1 of 2007.
"This is just my opinion – I think they intentionally dried up supply because they made their numbers for the year. Their new year starts April 1 and I think we're going to see supply flowing," he said.
DeMatteo revealed that GameStop is now receiving its stock allocations for April and reveals he does not expect to see such crippling shortages in the coming months.
"Next week we get our first allocations of Wii and DS and we are quite pleased with those numbers. We are concerned about the dryness here in March, but it looks like April is going to be good," commented DeMatteo.