Today Nintendo has announced to cut down the rates of its popular Wii Console by 55 dollars to 220 dollars in Japan from October 1. In the United States, there will be lowered by 50 dollars to 200 dollars. This is the first time that Nintendo has dropped the price of the Wii console since its launch.
This news is not good for Britishers, as the company has increased the price by £20 in Britain. This hike was also the first hike of the company in Britain since its launch three years back.
This news is not good for Britishers, as the company has increased the price by £20 in Britain. This hike was also the first hike of the company in Britain since its launch three years back.
When Media asked the explanation about this price hike the Nintendo official said it brought in the change to cope with fluctuating currency exchange rates. But market experts felt that this price hike is a controversial price hike as all the other companies are slashing their prices to encash the Christmas session. The other two companies Microsoft and Sony both had already reduced the prices of their gaming consoles to break the dominance of the Wii.
In August Sony unveiled a slim version of its PlayStation 3 videogame console priced at 299 dollars in the United States and also reduced prices of their existing models. PlayStation 3 sales exceeded 1 million units in the three weeks following the price cut.
Though PlayStation and XBOX have already reduced their prices according to market experts there will not any type of effect on Wii but still, it needs some improvement. Colin Sebastian, an analyst says "The Wii is still the top-selling platform, but there is no doubt the console needs a shot in the arm, particularly with the competition finally getting more aggressive”. Companies selling figures are also supporting Mr. Colin’s statement. Nintendo has sold more than 50 million Wii gaming console, Microsoft sold more than 30 million Xbox players and Sony has sold about 24 million PS3s.
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