I'm not actually invested in the Wii, because I joined TSE too late (4 years ago) to benefit. To unpredictable for me to build wealth. Enjoy! Although I think it is priced just about right now, the Wii could have 20 million left in it.
@KultofCows, I cashed out 80% of my long Wii stock, so I wasn't hit badly with today's price drop. It is clear from way back in 2010 that the Wii GLS is overpriced, but I didn't do any significant short or massive selling, since I have other stock that I focused on.
This WSJ article confirms 86 million Wiis sold through March 2011: http://www.simexchange.com/news-item.php?id=27686
With a new console launching next year, it is unlikely the Wii will meet the present forecast of 120 million units predicted by the GLS stock. I do see Nintendo continuing to stock the Wii and at ever more discounted prices, but that is unlikely to support another 50% increase in lifetime sales.
Nintendo has officially announced an impending price drop for the Wii. As of May 15 (confirming our earlier report), the Wii will be sold at a suggested retail price of $149.99, and will come bundled with Mario Kart Wii and the Wii Wheel accessory. The new price applies to both black and white system models.
Today in Japan, Nintendo confirmed the upcoming release of the Wii's successor. The still-unnamed console will be revealed at this year's E3 gaming expo in Los Angeles in June.
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