Iwata: Wii sales decline down to lack of "big titles"

Nintendo president Satoru Iwata has explained what he thinks is to blame for the current slowdown in Wii sales.

Speaking to investors (as reported by Kotaku), Iwata said, "It's not the case of the quality of hardware moved, the feeling of missing strong competitive power, lacking its luster or poor sales.

"Consistently, big time titles will be released in the marketplace for this hardware. When that stops, to reinvigorate the console, or to put it another way, I think the current decline in hardware sales is due to the fact that there aren't many big titles (at the moment)."

There are, however, no plans by Nintendo to respond to the sales drop by reducing the price of Wii hardware. "Right now there aren't a lot of discussions going on about what exactly to do about hardware pricing," Iwata said.