No Nintendo Wii or DS price cuts this year
Nintendo President Satoru Iwata told analysts today the company has no plans to cut the price of the Wii or DS this year. What, you're surprised? Reuters reports he stated the company's earnings projection didn't take a price cut into account and the continued demand for the company's products don't require one.
With demand outstripping supply on the Wii -- particularly in the North American market -- it's really no shock that Nintendo doesn't need a price cut on its hardware to keep stockholders happy. Nintendo expects to make $5.14 billion in fiscal year '09, which analysts believe is the company being conservative.
