oh, juicy news at last... More competition for Sony and Microsoft... from Reuters (not checked them in a while... :) )
Video game publisher Nintendo on Monday said it would cut the U.S. price of its GameCube game console by about 25 percent (to $149.95 from $199 effective 21st May 2002), in a bid to maintain its price advantage over its main competitors in the $20 billion international video game business.
"We were thrilled to be able to come out at $199 ... so we're just going to be ahead of the game at 149," Peril Kaplan, vice president of corporate communications for Nintendo, told Reuters. "We started aggressive and this just continues it".
Kaplan said there were no plans for hardware price cuts in other regions, nor are there plans to cut the price of top software titles from $49.99.
Nintendo's two main competitors, Sony and Microsoft cut the North American prices of their consoles, the PlayStation 2 and the Xbox, to $199 from $299 last week.
Will the others see a need to cut the prices of the PS2 and the Xbox further? Anyone's guess at this time.
News source: Reuters
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