No Price Cut On Wii

Despite there sales going down in japan and now in the states Mr.Iwata still says a price cut won’t happen.

Wii sales have been falling sharply over the last several months, though, leading the CEO of Gamestop [GME  24.95    -0.05  (-0.2%)   ] and other industry insiders to express interest in a price cut by Nintendo.

Iwata, though, says that’s not likely to happen soon.

“Right now, we have no plans at all about a price cut,” he says. “We are going to start launching the stronger software in the later half of the year — and we are confident [we will] regain the momentum.

“People often talk about the price cut as if it’s an almighty weapon. The fact of the matter is that what a price cut can do is rather limited. … In the long history of video games, at the time of the price cut we see a momentary hike in sales, but usually that can not sustain its momentum and it soon comes down to below the price cut level.”

I personally think they need to cut it down between $20-50 to compete with the new xbox 360 price of 199.99 .

[Source]

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