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NWR Interactive => TalkBack => Topic started by: Halbred on October 12, 2007, 10:17:39 AM

Title: No Price Cuts for the Wii
Post by: Halbred on October 12, 2007, 10:17:39 AM: Don't hold your breath for a holiday price drop.
http://www.nintendoworldreport.com/newsArt.cfm?artid=14611

Think $250 is too much for a Wii? Too bad! In an interview with Reuters, Nintendo of America’s vice president of marketing, George Harrison, confirmed that “We’ll stay at $249 for the foreseeable future. We are still selling everything we can make." So until Nintendo’s Wii sales start to decline, you’ll still have to shell out $250 for the console.
Title: RE:No Price Cuts for the Wii
Post by: sycomonkey on October 12, 2007, 10:48:33 AM
Title: RE: No Price Cuts for the Wii
Post by: ShyGuy on October 12, 2007, 11:00:50 AM: Oh snap, Salesbot got some competition, Yo!
Title: RE: No Price Cuts for the Wii
Post by: Ian Sane on October 12, 2007, 11:15:57 AM: This reminds me of when a government raises a tax yet again or gives themselves a big pay raise or increases a toll or bus fair and they no longer bother to make up a spin doctored excuse. "We're doing it because we can."

With Nintendo being a private business though it's acceptable. Hell they bragged about skimping on the Wii specs and as a result making a profit on hardware sales and we still all gave them our money anyway.

In a selfish way maybe I should be glad because I forked over the full price and would feel better if I didn't just miss out on a deal. The price cut on the Cube bothered me because the extra money I spent at launch didn't seem worth it just to have the console earlier.
Title: RE:No Price Cuts for the Wii
Post by: TJ Spyke on October 12, 2007, 11:38:23 AM: This should be a surprise to no one. It's been almost 10 months since it launched and the Wii is still selling out as quickly as Nintendo can ship them (at least in North America). With no signs of slowing down, why would they cut the price? It's the same reason Sony was able to keep the PS2 at $150 for so long (and now $130), they were still able to sell tons of systems at that price.
Title: RE: No Price Cuts for the Wii
Post by: Jonnyboy117 on October 12, 2007, 01:31:04 PM: Duh.
Title: RE: No Price Cuts for the Wii
Post by: NinGurl69 *huggles on October 12, 2007, 02:14:22 PM: This is a non-issue.

How appropriate for non-gaming.
Title: RE:No Price Cuts for the Wii
Post by: NeoThunder on October 12, 2007, 07:27:21 PM: Quote
Originally posted by: Jonnyboy117
Duh.

I second that.....this should not come as a suprise
Title: RE: No Price Cuts for the Wii
Post by: KDR_11k on October 12, 2007, 09:20:35 PM: Syco, I really don't think that's what the curves look like. Why would charging more for the Wii increase the supply?
Title: RE:No Price Cuts for the Wii
Post by: sycomonkey on October 12, 2007, 09:34:12 PM: Because at a higher price Nintendo would have more of money and incentive to build more factories. Supply curves almost always slope up.
Title: RE: No Price Cuts for the Wii
Post by: Plugabugz on October 12, 2007, 11:04:16 PM: Its an economically sound reason not to put the price down. If the price of public transport (now pushing £100/month) or petrol (£1/litre) went up... would it stop us from using them?
Title: RE:No Price Cuts for the Wii
Post by: KDR_11k on October 13, 2007, 01:44:05 AM: Quote
Originally posted by: sycomonkey
Because at a higher price Nintendo would have more of money and incentive to build more factories. Supply curves almost always slope up.

But how would they have more money if they exceed the optimum price point?
Title: RE: No Price Cuts for the Wii
Post by: nickmitch on October 13, 2007, 12:09:27 PM: Well, the optimum price point is uncertain. We don't know if the Wii would still sell out as fast at a higher price. $250 could be the ideal point; but, then again, if the stock still sold out at $300, then that would become the optimum price point. We can't really tell if a Wii can't sit on a shelf long enough to collect even a spec of dust.
Title: RE: No Price Cuts for the Wii
Post by: KDR_11k on October 13, 2007, 09:41:12 PM: Yeah, we have basically one point of data. Hard to make a supply/demand graph from just that.
Title: RE: No Price Cuts for the Wii
Post by: Dirk Temporo on October 14, 2007, 05:48:44 PM: If anyone was honestly expecting a price drop, then they're idiots.