More details of Nintendo's forthcoming console, codenamed Project Cafe aka Wii 2, have been revealed to IGN, including the system's estimated pricing, release, console design, processing architecture, and name.
It seems that big box retailers have already begun offering discounts on the Nintendo Wii, dropping the price from $200 to $170. It's not exactly a full-on, official price drop -- not yet, at least -- but it certainly looks like one is imminently approaching.
Many analyst believe Nintendo will be reducing the MSRP of the Wii to $150 in the coming months.
"We've not said publicly what the next thing for us will be in the home console space, but based on what we've learned on 3-D, likely, that won't be it," Nintendo of America president Reggie Fils-Aime
This is very bad news for Nintendo. The holiday quarter is by far the most important sales period for video games and Nintendo particularly needs something to boost sales this year. Nintendo's ADR was down 9% today.
CHIBA, Japan—Nintendo Co. slashed its profit forecasts after announcing its highly anticipated 3-D hand-held videogame machine will miss the holiday shopping season.
Nintendo Wednesday said the 3DS, which will play 3-D games without the need for special glasses, will go on sale Feb. 26 in Japan, and the following month in the U.S. and Europe.
The Wii is down, but its down from unprecedented highs. It could sell negative 600k over the next 10 months and still be ahead of the PS2 at the same time in its lifecycle. Reports of death greatly exaggerated, etc, etc.
The Wii's decline, which stands at a cumulative -21.2% in this year, is due to its originally high shipment numbers and is therefore solely responsible for this decline. Both the Xbox 360 and the PS3 have posted solid cumulative gains of 54.1% and 44.8%, respectively. The Xbox 360 has now outsold the Wii for the past four months in the U.S. and the PS3 isn't far from catching up to the Wii.
Nintendo posts quarterly loss on slumping sales from few software titles, strong yen
Nintendo sold 3.15 million of its DS game consoles during the quarter compared with 5.97 million a year earlier. The company saw steady hardware sales for Wii, rising to 3.04 million units from 2.23 million the previous year, but Wii software sales slumped to 28.17 million from 31.07 million
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