Weak US Dollar Means Nintendo Favors Europe For Now
timeOday writes "The LA Times is reporting that the new Nintendo Wii Fit is hard to find on US shelves, due not only to strong demand but also the United States' declining status in the world economy: '"[Nintendo] is also is shrewdly maximizing its profit by sending four times as many units to Europe, reaping the benefits of the strong euro," says Michael Pachter, an analyst with Wedbush Morgan Securities. "The shortage demonstrates one consequence of the weak dollar. We're seeing companies ignore their largest market simply because they can make a greater profit elsewhere."'"
I feel like a Canadian
how long until US quarters get stuck/rejected by Canadian vending machines and laundermat washing machines
Europeans are already fit! Wii need it here so we can earn our dubba-chee!
I'd have expected the headline to say "Nintento Favours Europe"
- RG>
Hey pal, this isn't a pleasantforest, so don't waste my time with pleasantries!
b-b-but... they took er JERBS!
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Slashdot is no better at European discrimination. I wanted to post a whiny comment about expensive Lego bricks in Europe, but some dork at /. decided to stay with ISO-8859-1 and this prevents me from using the Euro sign.
Those who would give up liberty to obtain working drivers, deserve neither liberty nor working drivers.
Watch out, you're making government laws controlling reproduction seem necessary.
This isn't at all a symptom of the relative weakness of the dollar to the Euro, it's actually a perfect example of the complex self-regulation mechanisms of the global market.
More Wiis in Europe -> More gaming options for Europeans -> More gaming hours for Europeans -> Less working hours for Europeans -> Less, and lower quality, European goods -> Less demand for European goods on the US market -> Stronger dollar relative to the Euro.
So what's the problem?
Thanks for that Gavrilov link.
It brings back memories of watching porn in Poland dubbed by one male with a thick russian accent. We couldn't understand a word they said, but it was the funniest thing we'd seen in a while.
Insanity: voting in the same two parties over and over again and expecting different results
Raise the VAT Tax? The Value Added Tax Tax?
So THAT'S why we're getting ripped off so much, we're actually getting taxed twice as much!
+1 IDisagreeSoHeMustBeATrollOrAnAstroturferOrAShill
Well hey, look on the bright side: if the US dollar value keeps plummeting, corporations will start outsourcing their computer work there.
>> "They know that Americans will be just as fat a few months from now" when Nintendo will have more units available, he said.
OK, let the flames begin!