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Wii Has Stalled - Iwata

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It's a harsh world out there, right now... Especially if you're a videogame company such as Nintendo. Although sales did go up with the recent price cut, the measure didn't boost sales enough to reach past levels (which is a bad thing as a specific, but in general Nintendo did manage to rake in billions in profit). But don't take it from me, take it from THE MAN himself.

Wii has stalled. We were unable to continually release strong software, and let the nice mood cool. We were unable to show a new game to become 'the next thing.' In the game market, once you’ve lost the momentum, it takes time to recover. - Satoru Iwata


So, Nintendo's president blames the lack of good software (and would you rebate that?) and has stated that while sales went up with the price cut, it wasn't enough to recover from the low ones from the first half of the year. But he has hope: he expects to sell 20 million consoles by March 2010 (maybe with Wii 2? p).
Via GamesIndustry.

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