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	<title>ArcadeMojo.com</title>
	<link>http://watchmojo.com/video_games/blog</link>
	<description>ArcadeMojo.com - Video Games, PC and Online Gaming, Comic Books, New Releases - Part of Mojo Supreme Network</description>
	<pubDate>Thu, 19 Nov 2009 15:52:57 +0000</pubDate>
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		<title>Nintendo will NOT reduce the price of the Wii</title>
		<link>http://watchmojo.com/video_games/blog/index.php/2008/04/25/nintendo-will-not-reduce-the-price-of-the-wii/</link>
		<comments>http://watchmojo.com/video_games/blog/index.php/2008/04/25/nintendo-will-not-reduce-the-price-of-the-wii/#comments</comments>
		<pubDate>Fri, 25 Apr 2008 20:21:27 +0000</pubDate>
		<dc:creator>jackhammer</dc:creator>
		
		<category><![CDATA[Nintendo]]></category>

		<category><![CDATA[Consoles]]></category>

		<category><![CDATA[Gaming Culture]]></category>

		<category><![CDATA[Competition]]></category>

		<category><![CDATA[Industry News]]></category>
<category>Competition</category><category>Consoles</category><category>economics</category><category>Gaming Culture</category><category>Industry News</category><category>Nintendo</category><category>price</category><category>wii</category>
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		<description><![CDATA[From Wired:
Demonstrating that it has a firm grasp on good business sense, Nintendo announced it has no plans for a Wii or DS price cut this year, reports Reuters. 
Recently released financial reports revealed that Nintendo enjoyed a 73 percent jump in sales during the last fiscal year. The company&#8217;s operating income was up 116 [...]]]></description>
			<content:encoded><![CDATA[<p>From <a href="http://blog.wired.com/games/2008/04/nintendo-no-wii.html" target="_blank">Wired</a>:</p>
<blockquote><p><em>Demonstrating that it has a firm grasp on good business sense, Nintendo announced it has no plans for a Wii or DS price cut this year, reports Reuters. </em></p>
<p><em>Recently released financial reports revealed that Nintendo enjoyed a 73 percent jump in sales during the last fiscal year. The company&#8217;s operating income was up 116 percent, and profit was up 48 percent. Sales of the ever-popular Wii and DS were obviously a huge factor in filling Nintendo&#8217;s money bin.</em></p>
<p><em>&#8220;Our earnings projection for the year is not based on hardware price cuts, and I don&#8217;t think we are going to need them,&#8221; Nintendo president Satoru Iwata said  today. </em></p>
<p><em>With the <a href="http://blog.wired.com/games/2008/04/nintendo-averag.html">Wii&#8217;s shelf-time lifespan clocking in at a mere hour</a> and the DS still going strong, Nintendo has no incentive to lower the price in the foreseeable future.</em></p></blockquote>
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