updated 12:50 pm EDT, Mon April 18, 2011
Major retailers drop price Wii with "specials"
This week, major retailers including Best Buy, Toys Us and Amazon are selling Nintendo Wii bundles for $170. The going price for these packages had been $200 at retail stores. In most instances, this new price is touted as a "special", however, given rumors of a more permanent price drop to $150, it may remain at this level, especially if other retailers jump in to match this price.
Driving this new pricing may be Nintendo's efforts to bolster sagging sales and to maintain a price advantage over a redesigned Xbox 360 Arcade (now also selling for $199) and the popular Sony PS3. Nintendo may also be trying to also reduce inventories in anticipation of the upcoming E3 gaming expo in June, where the company is expected to announce an HD sequel to the Wii, which was originally introduced to the market in 2006. [via Engadget]