Slash Gear - After an exceedingly long wait, Nintendo announced recently that the Wii U, its next-generation console, will launch on November 18 in the U.S. The Basic Set will set customers back $299, while the Deluxe offering will cost $349.
For those who haven’t spent too much time focusing on the Wii U, the console will ship with HD graphics – a major omission in the Wii – as well as 8GB or 32GB of onboard storage, depending on the version customers pick. Add that to the touchscreen-equipped GamePad, support for Wii remotes, and a traditional, Pro, controller, and consumers will find the whole package Nintendo is offering.
Sorry guys, its just business. Easy 3-4k profit
(Edit)- talk about shooting myself in the foot lol. I'm a glutton for punishment after this post but I understand the disagrees. My mate made a sizeable profit with the Wii last time. I just think its an opportunity to tap into the demand and make a profit.
I won't dispute people disagreeing with me. I will keep one for myself though!
Nah don't underestimate the power mad panic last minute Christmas shoppers. Also, people will want guaranteed next day delivery and I can assure that. Don't worry, I know what I'm doing :)
The only thing I'm two minds about is whether or not I should purchase some peripherals.
If rumors and speculation are to be believed Nintendo has a one year+ time frame to get as many of these systems into peoples hands as possible before they get serious competition from MS/Sony. If they short-change themselves over their first holiday season they run the real risk of losing potential install base which could lead to them becoming irrelevant when those systems arrive. I personally want Nintendo to blow this thing out of the water, and if they made a few million consoles for this year and still sell out then I'm cool with that as it would be good for Nintendo. The hype is there now, but it will die down after release and people are able to actually put out more informed opinions on the system.
Edit: One other thing...only 3-4K profit? If your dropping at least 9 grand on these and only returning 30% profit then you probably don't know what your doing. If it has that much demand this system will go for double what it can be bought at retail...if not more.
Sorry, its not 3-4k profit- that's how much my mate and I (to a lesser extent) made when the Wii first came out. Profit margins are actually around 100% closer to D Day (Xmas) and even more as you, quite rightly suggest.
If we have overestimated demand then it is just a case of returning the products back to suppliers like you mentioned. This is a relatively risk-free endeavour. I am aware that lots of others will be trying to capitalise on the demand as well, and the we have specific ways we are marketing these. Either way, it is a good opportunity to make some money.
Bear in mind that 30-50 consoles is really a tiny drop in the ocean considering how many Wii U's will be flying off the shelves. Unfortunately, we had a supplier that could give us a good rate on bulk buying 80 Wii U's but finances didn't allow for that. We would have made a tidy sum just selling the consoles at a normal price.
Regarding your point about Ninty having a one year time frame to really sell these consoless off, you are 100% correct. I am banking on there being some shortages in supplies but I guess time will tell.
Cheers for your input though. You made some excellent points there especially about Ninty capitalising on the first Holiday season. I'll have to speak to my business partner about factoring that in. We were thinking of ordering even more batches but might just hold off on that. + Int Bubs though mate.
I'll send you a friends request if you want and keep you updated on how the endeavour goes if you're interested. Sorry I've run out of bubbles.
And sure Nintendo's never really had issues with hardware at launch, but then again tech wise the WiiU isn't in their comfort zone.
Its a definite day one, which is why I pre-ordered.
If you are going to whine about ports and multiplatform you guys better remember the 3ds , psp , 360 and ps3 launchs
A free mind and doing what i want whenever i want
Go out make your own opinion
And alot of people will enjoy the wiiu thats for sure
Haters gonna hate
If people would start using theyre negative energy to create something instead of downplaying or hating on something...
Hold on a sec... Sorry i got carried away ;)
you'll be waiting until 2014 to find out.
Do i think wii u is worth buying? Hell no! but im sure theres others that cant wait to play pikmin & mario bros on a shiny new piece of tech.. & i will buy one someday no matter what the sales data is or how ppl feel about it
I already have a PS3, but I want to make the Wii U my primary console. Some people may call that stupid, but I get to have my multiplats and my Nintendo games on a single machine (with cable/dish TV as an added bonus). Obviously I don't speak for everyone, but it's a pretty damn good reason for me to preorder one.
Now if a person already has a PS3 as their primary console, then yeah, that's a fair reason to hold off. Even I can admit that.
....Why you should this, why you should that????
Dude, please .......just phuck orf!!!
and when you stunt the hardware success at launch it will hurt it's long term performance.
I don't know why these guys don't get that. It WiiU does extremely well in the first 6 months, many more publishers will be scrambling to get games on it.
Jeopardy Answer: What is marketing?