Nintendo: PS3 and Wii neck and neck in Japan

Nintendo president Satoru Iwata expects Wii to "regain momentum during the upcoming sales season".

Speaking to investors, Nintendo president Satoru Iwata has admitted that current sales of the Wii and PlayStation 3 are almost "neck and neck" in Japan following a change in fortune for each platform.

"A notable dip can be seen in sales of Wii this year; which is approximately half the size of last year. On the other hand, Sony's PS3 showed a good transition and they increased the unit sales by about 50 per cent," said Iwata.

He added: "Although we held more than a 60 per cent hardware market share through last year - Wii has 42 per cent and PS3 40 per cent share thus far this year - so both machines are neck and neck in Japan."

Regarding the Wii's performance in the USA, Iwata said that he expects the recent price reduction will enable the console to "regain the momentum during the upcoming sales season".

Via Spong