Nintendo president Satoru Iwata says Wii sales have stalled and blames it on his company not releasing strong software, reports  Iwata made the comments at a press conference.  He says Nintendo did not continue releasing Wii titles that gamers could consider the next thing, the result being a loss of momentum in the marketplace.  Iwata’s comments mirrored Nintendo’s official company statements after earnings for the first half of the year showed profit plunged by 52 percent.

Iwata also says the Wii price cut didn’t prompt a big enough spike to reach last year’s sales levels.  He predicts a turnaround, with expectations that Nintendo can move 20 million Wii units by March 2010.  Read more at