Wii Fit (Wii)Wii Fit Surpass Wii Play in JapanNeoGAF - August 20, 2008
Submitted by apujanata (14935)
at 5:17PM PST on August 20, 2008
Based on the latest data from Japan, Wii Fit LTD has surpassed Wii Play LTD.
Details :
Rank. Game This week LTD
- 4.WiiFit 47000 2464000
- 21.Wii Play 10000 2455000
3
Why do you think that Wii Play is overpriced on TSE?
28million is a huge number but when you consider there could well be over 100million Wii's in homes by the end of this generation, most people will buy at least 1 extra controller at some point and that more often than not will mean another Wii Play sold. If Wii Play continues to be bundled with the Wii-mote for the next few years then i can see it selling way more than 28million.
The only thing that can really stop this is Nintendo discontinuing the bundle, why would they? Or Nintendo releasing Wii Play 2 which i think is very likely at some point, although nothing has been said by Nintendo so isnt going to happen in the foreseeable future.
Given that, the prediction to me is based solely on when/if Nintendo release an updated version/ change the bundle. Now some people may think that is going to happen relatively soon, within the next year or so, and so have shorted the stock. Where as some people think it will never happen and so have gone long on the stock, the market price at the moment reflects a balance between those opinions. Personally i am of the view there will be an updated version fairly soon and so believe the price should be lower, but at the moment it is purely a guessing game and the risk is too high for me to throw my DKP at it shorting.
Back on topic i think that Wii Fit is overpriced, there is the demand there at the moment which eats up everything Nintendo can supply, but over time, reductions in advertising, hype, and general word of mouth will ebb that demand. So the question is whether Nintendo can supply enough before that demand fades and given current production capabilities i highly doubt that. But again i have not thrown my DKP at it because i don't think the rest of the market believes the same as me, especially when demand is outstripping supply by a large margin at the moment, and so i think if i did try shorting it would turn in to a money pit that i would not get out of for a very long time.