Japanese retailers are expecting a significant price cut on Nintendo's Gamecube console at the end of October although there has been no official announcement from Nintendo themselves. The expected price drop is around 30% from 38,000Â¥ ($120) to 9,700Â¥ ($84).
Nintendo have actually announced that providing market conditions are ok, they will allow retailers to set an open price, allowing retailers to set their own price for the console. This move is to help Nintendo get some sales back this coming Christmas, as Sony's Playstation 2 console is out selling the Gamecube 10 to 1 in Japanese stores. It is also likely that other regions such as Europe and US will be able to follow suit on allowing an open price.