Iwata says no price cut in sight
by David Hinkle 
{ Oct 30th 2007 at 12:45PM }
With the holiday season right around the corner, this is the time when everyone in the industry talks price cuts. The Xbox 360 has cut its price down, the PS3 has (multiple times, it seems) and everyone is looking at the Wii and wondering if Nintendo too will follow suit. According to company president Satoru Iwata, Nintendo has no plans whatsoever."We're still focusing on how to meet booming demand," Iwata stated, as the company has had several issues with getting its product out onto store shelves and keep it there for consumers to pick up. "We're absolutely not considering a price cut," he adds. And, really, why should they? Nintendo has the most popular console on the market and it's still the cheapest, as well.
Reader Comments (Page 1 of 1)
hvnlysoldr @ Oct 30th 2007 1:20PM
Wii sells out still. Outsells the competition combined. And just now can stores stock up for the holiday that still will not meet demand. A price drop would be mad when they're selling the same. Next year regardless if they're selling out they might consider it.
Kevin @ Oct 30th 2007 1:39PM
Why would they lower the price? They're still the lowest priced next gen system out there.
jojonyc @ Oct 30th 2007 4:05PM
why does this issue pop up every couple of days?
in other news:
ball tossed into air, falls to ground
sun rises in east
politician lies
etc.
Mr Khan @ Oct 30th 2007 4:58PM
I agree with hvnlysoldr, except i think that they will drop if the 360 gets under $250
FX-1 @ Oct 30th 2007 9:08PM
If another system starts to challenge them, prices might drop but even with price cuts on the others, they're the cheapest thing on the market. Does it make ANY sense for them to lower prices now?
Jojonvc, I read that paper too!
Elric @ Oct 30th 2007 10:24PM
Actually just this week they cut our cost down $10! he he but that just means now we get to MAKE $10 on selling the console! Wooooo!
jerkfacesandwich @ Oct 31st 2007 8:13PM
Even if they were going to cut the price they wouldnt announce it until like the day before they did it. They don't want to lose momentum by telling people about a potential price cut. Its just business sense, you dont say "oh yeh, we're cutting the price in 2 months" a lot of people will hold off buying a product because of that.