03/28/2008 02:45 am ET Updated May 25, 2011

Wii Flies Off Shelves

Nintendo achieved its best week for Wii sales in the U.S. last week since the console's debut-week sales a year ago, with 350,000 units sold, compared to 300,000 sold the week prior. While the strong sales keep Nintendo on track to meet its upward revised fiscal target of 17.5M console sales, the company has a major problem of replenishing store shelves. Nintendo of America president Reggie Fils-Aime called the shortage of Wii consoles a "disappointment," saying "a shortage benefits no one." Fils-Aime blamed the company's misestimate of demand and said, "We need to be more bullish about the potential for the Wii," in an interview with the Associated Press. Nintendo has increased its monthly volume of Wii production to 1.8M consoles, from 1.2M previously, but will still not be able to meet demand.

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