Fresh off bumper earnings, Nintendo Co. ruled out a price cut for its smash-hit Wii video game console Friday and announced the company will being selling the Wii in China next year.
"We're still focusing on how to meet booming demand," Iwata said Friday. "We're absolutely not considering a price cut." He said Nintendo was ramping out 1.8 million Wii consoles per month but that a supply crunch was inevitable during the Christmas sales.
Nintendo President Satoru Iwata also unveiled a gift-giving feature that will allow users to send each other games over the Internet, boosting the Wii's network offerings. With a few clicks, a user will be able to select a game to send as a gift to another user online, Iwata said. When the recipient accepts, the Wii automatically launches the shopping channel and begins the download.