Confirming wide speculation on the price of its next-generation console, Nintendo said this week that its new Wii gaming machine will retail for under $250. The Japanese game company also said it would aim to ship six million of the new consoles during the first fiscal year of its availability. In addition, in its quarterly earnings update this week, Nintendo reported strong sales of its handheld DS devices, but indicated the weakness of the U.S. dollar and stronger Japanese yen might offset any gains from the Wii, which is already limited in terms of margins because of its low price.
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Nintendo Reveals Wii Price, Production Plans
Posted by: Jay Lyman May 25, 2006 01:25 PMConfirming wide speculation on the price of its next-generation console, Nintendo said this week that its new Wii gaming machine will retail for under $250. The Japanese game company also said it would aim to ship six million of the new consoles during the first fiscal year of its availability. In addition, in its quarterly earnings update this week, Nintendo reported strong sales of its handheld DS devices, but indicated the weakness of the U.S. dollar and stronger Japanese yen might offset any gains from the Wii, which is already limited in terms of margins because of its low price.