Nintendo President Says Wii U Is 'Selling Steadily'

 

Though Wii U may not have sold nearly as many units as the original Wii did in it's first holiday season, Nintendo president Satoru Iwata still seems confident in the Big N's latest gaming console, describing year-end Wii U sales as "not bad."

"At the end of the Christmas season, it wasn't as though stores in the U.S. had no Wii U left in stock, as it was when Wii was first sold in that popular boom.” Iwata recently told Reuters. “But sales are not bad, and I feel it's selling steadily."

Even though sales are steady, it doesn't seem like things are going as well as Nintendo had hoped. This may have something to do with the new console being offered on day-one as two different SKUs – it's the first time Nintendo has ever done this at launch.

"It was the first time Nintendo released two models of the game console at the same time ... and I believe there was a challenge with balancing this. Specifically, inventory levels for the premium, deluxe package was unbalanced as many people wanted that version and couldn't find it," he added.

Unfortunately, Iwata didn't share any specifics on sales numbers, but he did note that Nintendo will be focusing on new software to pull in new users for both the 3DS and Wii U moving forward.

[via Reuters]

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Tags nintendo, Sales, Satoru Iwata, Wii, wii u

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Nokia selling Vertu to EQT VI, it's sad seeing it go

Today Nokia announced that EQT VI (an investment fund that's part of a private equity group in Northern Europe) is ready to acquire Vertu for unannounced amount.

Founded by Nokia in 1998 and headquartered in the UK, Vertu currently employs around 1,000 people worldwide. It has steadily seen constant growth these past years and it's the undisputed leader in the luxury phone segment.

EQT VI will actually be acquiring 90% of the company's stock, with the other 10% remaining Nokia's. The transaction will happen in the second half of the current year.



For us Vertu has always been an integral part of Nokia, with the company sharing some of Nokia's best technology, software and hardware know-how. We're sure part of Vertu's success was mainly due to it being an offshoot of Nokia's phone production.

Rumors of the acquisition have been floating around for quite some time but this is the real deal. Obviously, Nokia didn't see Vertu as helping in its Windows Phone plans.