Here is a quick lesson:
- More buyers than product = Price gets higher or stays the same
- Less buyers than product = Price gets lower
Fortunately, Nintendo isn't raising prices although I'm betting they could and still sell a lot of product.
Until there is more Wii and DS product than there are buyers, there won't be a price cut and Nintendo will reap whatever rewards there are in the way of reduced manufacturing costs. Looking at their recent profits, I think they are being rewarded well. As a Wii owner, that's fine by me. I want companies making games for this thing for a long time from now.
Speaking of supply and demand, this Calvin and Hobbes comic is great. It has nothing really to do with this but I needed to link to it somewhere and this seemed a good place!
1 comment:
I love Calvin and Hobbes.
I'm going to be breaking out some too-dusty books today, thanks to that.
Nintendo has every reason to RAISE the price of Wii. They can't keep them in stock. In most markets, that's an indication that the price point is too low. It's admirable that they're even keeping it the same.
Post a Comment