Nintendo to ramp up Wii production

Nintendo said Friday that it would address shortages of its hit Wii video game console by ramping up production.

According to the Associated Press, the video game giant's president, Satoru Iwata acknowledged that "we have not been able to properly foresee demand."

The company said it would boost sales of the Wii--which has dominated the next-generation console battle against Microsoft's Xbox 360 and Sony's PlayStation 3 since it was released in November--so that deliveries would increase by next month.

The news came a day after Nintendo released fiscal 2007 results showing that revenue had jumped 89.8 percent and profit 77 percent on the strength of the success of the Wii and also because of impressive sales of the Nintendo DS handheld device.