Tim- check out this story on Businesswire today:
REDMOND, Wash.--(BUSINESS WIRE)--April 3, 1997--Since retailers
began selling the Nintendo 64 video game system at a new suggested
retail price of $149.95(a) on March 17, sales for the country's most
popular home game console have more than doubled.
"Lowering our suggested retail price by $50 has apparently
broadened the market for our machine substantially. Actual weekly
sales totals from our key retailers have increased between 100% and
150%," says Peter Main, executive vice president, sales and
marketing, Nintendo of America. "And that doesn't begin to consider
what we could have sold had we been able to deliver enough machines
to all of our retailers to meet demand. There's little question in
our minds that the new, more affordable price, coupled with the
parade of top-quality games scheduled for release this year means
Nintendo 64 will remain a hot commodity agaon.
While the strong sales results have been supply constrained since
launch, worldwide production capacity for the machine, which had been
averaging about 500,000 a month, will grow to an average of one
million a month during theidiaries have sold more than one billion video
games worldwide. As a wholly owned subsidiary, Nintendo of America
Inc., based in Redmond, serves as headquarters for Nintendo's
operations in the Western Hemisphere, where more than 40 pon
collaborates with science teachers and links to NASA to develop
Web-based curriculum; New CCCnet Project Takes Students on a Virtual
Trip to Mars.
Tim - Right now over 85% of Rambus's royalty revenues are due to sales of the Nintendo64 system. This is great news for them!
Have you seen any data on when the IPO is coming out?
Obewon |
