While the Microsoft Xbox 360 and the Sony PlayStaion 3 fight for console domination with their similar $299 price, this causes a lot of people to start to wonder if Nintendo is going to react with a price cut of its own for the Wii console. Any gamer can easily see that $249 for the Wii is a very bad deal compared to what you get with the other competitors. Even though with the Wii you get a new exciting experience with the motion controls, the other features like horsepower and multimedia capabilities are way far behind the other two consoles. EEDAR analyst Jesse Divnich strongly thinks that Nintendo needs to cut the price of the Wii down to $199.
He said: “Essentially, Nintendo stole potential PlayStation 3 and Xbox 360 consumers from this hardware lifecycle three years in advance. In order to maintain this position Nintendo should drop their Wii console down to $199, not because the current Xbox 360 or PlayStation 3 pricing structure poses a threat; rather, because they will eventually pose a threat. Nintendo’s strategy should be to capture as many consumer dollars as possible while their competitors are still weak in their offerings to the casual audience and price sensitive consumers.”
For many, at first thought this may seem like a pretty decent deal. However, some would say that a price cut down to $199 isn’t enough. Many buyers can more easily be convinced to buy with a $100 price cut.
Tags: Nintendo, nintendo wii, playstation 3, wii, xbox 360