Wii Gaming Console
Nintendo does not plan to cut prices of its popular Wii gaming console or DS handheld game system anytime soon, the company's president made this announcement last Friday. While prices for hardware is usually reduced over time, that could leave gamers who bought early feeling ripped off, After the company reported record annual profits. The Wii retails for about $250, unchanged since its launch in November 2006. In contrast, Sony has slashed the price of its 20-gigabyte PlayStation 3 twice so far to boost demand. Nintendo Co. expects to sell 28.0 million DS units this year through March 2009, down from 30.3 million last year. While sales in Japan have slowed, the DS maintains strong momentum in the United States and Europe, with considerable room for growth. The DS Lite sells for 16,800 yen in Japan and $129.99 in the U.S. Nintendo's main focus is to keep gamers playing by continually offering new software, services and accessories. He hinted that there were new projects in the...