In news that should surprise no one, Nintendo has reiterated -- for the millionth time, it feels like -- that the company has no plans to introduce a price cut for Wii in the foreseeable future. Nintendo president Satoru Iwata deflected suggestions of a price cut for their still-popular console in an E3 interview with CNBC.
"Right now, we have no plans at all about a price cut," said Iwata, commenting on declining Wii sales in recent months. "We are going to start launching the stronger software in the later half of the year — and we are confident [we will] regain the momentum."
Declining Wii sales, however, are still leaps and bounds over what Sony and Microsoft have been able to accomplish. If anyone needs a price cut, it's them! Or is Wii's price really keeping someone at bay?