Topic: No Price Cuts for the Wii

[Halbred]

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.

[sycomonkey]

[ShyGuy]

Oh snap, Salesbot got some competition, Yo!

[Ian Sane]

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.

[TJ Spyke]

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.

[Jonnyboy117]

Duh.

[NinGurl69 *huggles]

This is a non-issue.

How appropriate for non-gaming.

[NeoThunder]

Quote
Originally posted by: Jonnyboy117
Duh.

I second that.....this should not come as a suprise

[KDR_11k]

Syco, I really don't think that's what the curves look like. Why would charging more for the Wii increase the supply?

[sycomonkey]

Because at a higher price Nintendo would have more of money and incentive to build more factories.  Supply curves almost always slope up.

[Plugabugz]

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?

[KDR_11k]

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?  

[nickmitch]

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.  

[KDR_11k]

Yeah, we have basically one point of data. Hard to make a supply/demand graph from just that.

[Dirk Temporo]

If anyone was honestly expecting a price drop, then they're idiots.