Nintendo CEO Satoru Iwata has publicly admitted the Wii’s momentum has slowed and that a failure to deliver any decent games has soured the public to the console.
His statements were made after the company had to announce a 58% drop in net profits and a 43% drop in Wii sales.
He even admitted, "“The Wii has lost momentum. We’ve been unable to keep introducing good software, and the favourable mood towards the console has cooled.”
Back in April 2009, he knew the trend would change towards the Wii yet little to nothing has been done to try and reverse this.
Industry analyst Michael Pachter has stated on a number of occasions that a Wii HD is on its way however, Reggie Fils-Aime has adamantly denied this rumor saying on GTTV, "Michael [Pachter] continues to be the only one who believes this is going to happen. I don’t know how forcefully we can say that there is no Wii HD."
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