PLAYSTATION, XBOX REGROUP AFTER BEING WAXED BY WII; Sony knocks $100 off price of console; Microsoft hypes 360's nongaming side.(News)

Advertising Age, July, 2007 by BULIK, BETH SNYDER

Byline: BETH SNYDER BULIK

bbulik@adage.com

Nintendo of america president Reggie Fils-Aime took the stage at the E3 video-game conference last week announcing, "My name is Reggie, and I am happy.''

As well he should be. Nintendo's Wii system has taken the video-game-console market by storm, is still tough to find on store shelves even eight months after launch and has sold a brisk 3 million units in the U.S. already. His competitors, on the other hand, aren't nearly so convivial these days-and are being forced to rethink their game plans. "The Wii is putting a lot of pressure on them,'' said David Cole, analyst with DFC Intelligence.

Wii has sold more than twice as many units as Sony's PlayStation 3 (at 1.38 million), according to...

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