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Forums - Nintendo - 13.17 Million Wii’s Sold World-Wide........VG Chartz need to keep up

Faxanadu said:
FishyJoe said:
It wouldn\\\\\\\\\\\\\\\'t shock me if retailers were holding back stock for black Friday as well.

What for? Why? please explain. Situation: retailer has one Wii. Two options:

A) Put it on shelf and sell it within 2 days NOW for 250 USD and hence free up storage space and shelf space to put a new product on. And make a profit off the wii (20USD? ) that you can the either invest in new products or bring to the bank where you get interest.

B) Leave it in storage, meaning you will have to sit on your investment longer ("opportunity cost") and the STILL SELL AT 250 USD.

Why on earth would you do that?


It's a trick to pull consumers into stores during the most important sales date of the year. On black friday, customers go to stores planning to spend hundreds of dollars. The trick is getting them into your store by any means possible.

If they put it on the shelves today, the customer will buy the Wii and nothing else, simply because they aren't planning on buying anything else.



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Faxanadu said:
FishyJoe said:
It wouldn\\\'t shock me if retailers were holding back stock for black Friday as well.

What for? Why? please explain. Situation: retailer has one Wii. Two options:

A) Put it on shelf and sell it within 2 days NOW for 250 USD and hence free up storage space and shelf space to put a new product on. And make a profit off the wii (20USD? ) that you can the either invest in new products or bring to the bank where you get interest.

B) Leave it in storage, meaning you will have to sit on your investment longer ("opportunity cost") and the STILL SELL AT 250 USD.

Why on earth would you do that?


Your assumption that a Wii is worth 250 dollars today and 250 dollars on the day after Thanksgiving is false. That's the problem.

A Wii is much more valuable on the day after Thanksgiving than it is now. 



http://i14.photobucket.com/albums/a324/Arkives/Disccopy.jpg%5B/IMG%5D">http://i14.photobucket.com/albums/a324/Arkives/Disccopy.jpg%5B/IMG%5D">

dumb question: when are thanksgiving and black friday?



Thanksgiving's the last Thursday of November...Black Friday's the day after.

We enjoy big dinners on Thanksgiving with family, and then on Black Friday we go shopping like there's no tomorrow.

Last year, I got a printer for $10 after rebates...a very good printer, 200 blank DVDs for $10, and a DVD burner for $20...I do love Black Friday.



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Wii sales should probably be a little higher but probably only in the Europe/Other market. And I'm not talking about a mass increase. Just maybe a 100k-150k increase.

As most of those lag in shipments were probably on route from Japan to Europe/Other and America. So always going to be some kinda lag.

Anyways just in case anyone cares here's the state of the console wars in shipments:

360- 13.40
Wii- 13.17
PS3- 5.59

Halo 3 keeps 360 up over Wiii for one more quarter haha.



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RolStoppable said:
1stgentonexgen said:
You guys are all questioning that report with VGCharts having a lower sold amount listed than the article has. But a million here or there doesn't interest me because we all know that Nintendo offered the WII at the right time and people are embracing right now more into simple game play fun. Rather then the HD capable competition.
The one thing that has me confused, they claim that the WII is selling faster then any other console ever. Is that true? I would think the earlier systems that are over 100 million (GB, PS, PS2)would have had better first year sales then the 13 million claim in the article. Does anyone know the 1st year numbers for the other high selling systems?


Yes, the Wii is selling faster than any console before it.


The PS1 had shipped roughly 4m units in its first 16 months on the market.

http://vgchartz.com/worldcons.php?date=35125&sort=0

The PS2, the previously fastest selling home console, had shipped 10.6m units in its first 13 months on the market.

http://vgchartz.com/worldcons.php?date=36951&sort=0

 

Rol , you also must remeber that for Sony hardware like PS1 and PS2, SCE reported shipments as units manufactured and not sold to retailers ( unlike Nintendo ) until last April

Overall you are right, obviously . 

 



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Neos said:
gorgepir said:
But why did they give a software to hardware ratio? Did they give this ratio for software shipped vs hardware shipped or software sold vs hardware shipped? Could anyone explain this?

simple, they calculate the shipped hardware number with the shipped software

This seems most likely to me. They wouldn't have exact numbers for sold software either - its the same problem. Even the tracking agencies will have trouble real numbers of all software sold.

Ultimately, Nintendo is paid by retailers - not consumers. And this is based on order/shipped software.

Retailers (sometimes) have the option of returning some boxed software - but I doubt it would happen often to Ninty. 

 



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Faxanadu said:
FishyJoe said:
It wouldn't shock me if retailers were holding back stock for black Friday as well.

What for? Why? please explain. Situation: retailer has one Wii. Two options:

A) Put it on shelf and sell it within 2 days NOW for 250 USD and hence free up storage space and shelf space to put a new product on. And make a profit off the wii (20USD? ) that you can the either invest in new products or bring to the bank where you get interest.

B) Leave it in storage, meaning you will have to sit on your investment longer ("opportunity cost") and the STILL SELL AT 250 USD.

Why on earth would you do that?

A lot of stores would like to get you in the door (we have wii's in stock!) not just to sell you a wii, but so they have the opportunity to sell all of the other things to you that are more profitable for them. (accessories mostly are the things that make the stores the most profit).

 

I'm staying home on black friday! I live very close to a major shopping/eating/drinking/movie watching hub, so with traffic and all I'm pretty much trapped in my neighborhood on days like that.



Sold to retail. For both software and hardware. End of story.



Faxanadu said:
FishyJoe said:
It wouldn't shock me if retailers were holding back stock for black Friday as well.

 What for? Why? please explain. Situation: retailer has one Wii. Two options:

 A) Put it on shelf and sell it within 2 days NOW for 250 USD and hence free up storage space and shelf space to put a new product on. And make a profit off the wii (20USD? ) that you can the either invest in new products or bring to the bank where you get interest.

 B) Leave it in storage, meaning you will have to sit on your investment longer ("opportunity cost") and the STILL SELL AT 250 USD.

Why on earth would you do that? 


Think about that statement. You hold your Wii's (lol) until black friday and put them on the shelves then to sell them immediately. Whenever a parent races to get a Wii, because it is holiday time they will also grab a game or two.

More foot trafic that time of the year, and with more people buying hardware. Consequently, so will they buy software.



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