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Iwata announces no price cuts for Wii and DS

shadow993 | April 27, 2008 | News | Wii DS 
"I'll buy one when the price drops" is a frequent quip when asked if one has the latest game system. Unfortunately for those of us bereft of a Wii or DS, 2008 does not look like a year where that will happen.

Satoru Iwata, president of Nintendo has said that demand for the hardware is still high and supply is low. They are not considering lowering the price of their two big hits of the next gen.
Nintendo has no doubt realized that demand for its hardware is high and supply is not, as it reportedly doesn't expect to bring down the cost of admission for either piece of hardware anytime this year. According to Reuters, Nintendo president Satoru Iwata addressed the possibility of price cuts in an analysts' meeting earlier today.

"Our earnings projection for the year is not based on hardware price cuts, and I don't think we are going to need them," Iwata was quoted as saying.
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