Nintendo: No Price-Cuts for Wii This Holiday Season

George Harrison, senior vice president of marketing at Nintendo America, has announced that the Nintendo Wii game console will retain its $249 price-tag in the U.S. due to the fact that Nintendo has no problems with demand towards its latest game console. "We'll stay at $249 for the foreseeable future. We are still selling everything we can make," said Harrison. The Nintendo Wii has been selling in over 400 thousand quantities monthly in the U.S. in the past few months, according to figures from NPD group. The gaming giant has been having supply trouble to meet the demand for the Wii and has warned potential holiday customers that it simply can't keep up. Nintendo set the recommended retail price for the Wii at Â¥25 000 (about $204) in Japan, $249 in the U.S. and €249 ($342) in Europe.

News source: Xbit Laboratories

Previous Story
Google vows to increase Gmail storage limit
Next Story
Internet2 just got 10 times faster