Horrible shocking news from Japan. It seems the Nintendo Wii is so popular that it is forcing Namco Bandai to shut down 1/5th of their arcades:
Or, like we say in Virginia: "Tough shit."
TOKYO, Feb 7 (Reuters) - Nintendo Co Ltd's hot-selling Wii game console may be a major headache for main rivals like Sony Corp, but for operators of game arcades the pain is proving just as, if not more, intense.
In a shock downward revision to its earnings outlook, toy and amusement arcade firm Namco Bandai Holdings said it would close between 50 and 60, or roughly one-fifth of its arcades, causing its shares to plummet for a second consecutive session on Thursday.
[From Nintendo's Wii claims more victims; Japan arcades hurt | Industries | Consumer Goods & Retail | Reuters]
Next thing: people that sell whatever it is old people buy to keep themselves busy are going to start whining that senior citizens are spending their money in ... drum roll please ... Nintendo Wiis!
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