Erik Aston on 20 April 2007
the majority of American household don't have HDTVs yet, and it's even a smaller penetration in Europe and Japan. Actually, Japan is at over 60% penetration. The country is densely populated, so living space is at a premium. Ultra thin HDTVs caught on fast. And of course there goes the argument that people will want the more powerful consoles in a few years when HD penetration goes up. Its already up in Japan, and they aren't buying many PS3s, let alone 360s.
"[Our former customers] are unable to find software which they WANT to play."
"The way to solve this problem lies in how to communicate what kind of games [they CAN play]."
Satoru Iwata, Nintendo President. Only slightly paraphrased.
