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I believe that both sides of this argument actually have a point ...

From January 1st to December 31st 2007 Nintendo had the opportunity to sell 20 Million Wii units worldwide but because of their slowness to react, and conservative nature they missed this opportunity by (roughly) 5 Million units; in hindsight we can see this but the opportunity wasn't so clear 6 to 9 months ago, it is questionable how many of these potential sales were actually lost, and there are some unexpected benefits to this situation.