Mummelmann on 01 November 2014
To anyone who holds illusions about why region locks are implemented in most cases; it is first and foremost about regional pricing control and profit maximizing against the possible losses of currency collapses and variables.
http://europa.eu/rapid/press-release_IP-02-1584_en.htm?locale=en
No sense in arguing against Iwata's reasoning since it has no root in reality and, as others may have pointed out, none of this seems to bother Sony or Microsoft. You don't make as much money as Nintendo have through the years on such (relatively) low sales without making an effort to maximize profits.
