E3 2011 is getting closer, and the months leading up to the big show always bring with them rumor and speculation. Today's speculation: Nintendo is waiting until the big show to announce their next home console.
Here's how the (pretty shaky) argument goes: Yesterday, a rumor was circulating that Nintendo was going to announce a price-drop for the Wii in the middle of May, in advance of E3. If Nintendo really is going to drop the price of the Wii well before the Electronic Entertainment Expo, it could be a signal that the company plans to drop the big announcement -- The Wii 2, let's say -- at E3.
This is pure speculation, of course, but it makes a certain amount of sense. Nintendo has never been into the long-lifetime console cycle that Sony and Microsoft are on, and announcing a new console now, when there are (presumably) still years left for both the 360 and PS3, would allow Nintendo to get a huge jump on the next "console cycle."
Also: The sales of the Wii have been dipping steadily, as the PS3 and 360 change their focus to include families and "casual gamers," so it make sense that Nintendo would be looking ahead to the future.
Here's how EEDAR analyst Jesse Divnich put it, to Industry Gamers:
"Most video game companies withhold their biggest announcements until E3 and if Nintendo chooses to announce a Wii price drop before their E3 press conference, they must have something much bigger to announce. There are very few announcements that would eclipse a hardware price cut."
All of this, of course, depends on the accuracy of the report that Nintendo is cutting the price of the Wii in May, a scenario that is far from confirmed. Here's how Michael Pachter of Wedbush Securities put it. "There is no way that anyone outside of Nintendo Japan would know about this until print ads have to be submitted for retailers, probably at most three weeks prior to the cut. I don't believe that the source is right."
I've put this rumor through G4's Rumor-Tron-4000 super-computer and have determined that there is a 35 percent chance that this rumor will turn out to be true.
Source: Industry Gamers