Iwata says no Wii price cut coming

It's such a "duh" statement, but when the president of Nintendo says the Wii isn't getting a price cut it does qualify as something to report. Speaking with the Associated Press, Nintendo pres. Satoru Iwata says, "Y'all beeatchs crazy? We ain't droppin' da price! Come up in my house askin' dumb question like dat? I oughta cap you." Fine, fine, he didn't actually say that. He really said, "We're absolutely not considering a price cut."

This echoes statements made yesterday by Nintendo senior managing director Yoshihiro Mori, who said that (surprise!) there is no price cut planned. This was following Nintendo's adjustment of their fiscal forecast where they said profits would be higher than expected. From the consumer perspective, the Xbox 360 Arcade at $280 hopes to put a dent into Nintendo's business, possibly prompting an eventual drop in the Wii's $250 price in '08 -- but first, the Wii needs to stop selling out the moment it comes back in stock.

This article was originally published on Joystiq.