While Microsoft and Sony battle it out at $299 for console domination between the Xbox 360 and the PlayStation 3, some people begin to wonder how Nintendo is going to react with the Wii console. For all you deal goers, you know that $249 for the Wii seems like a rip off compared to what you get with the other competitors. Even though it gives you a new unique experience with the motion controls, the other features are pretty far behind the other two consoles including the horsepower and multimedia capabilities. EEDAR analyst Jesse Divnich strongly believes that Nintendo needs to cut the price of the Wii down to $199.
He said: “Essentially, Nintendo stole potential PlayStation 3 and Xbox 360 consumers from this hardware lifecycle three years in advance. In order to maintain this position Nintendo should drop their Wii console down to $199, not because the current Xbox 360 or PlayStation 3 pricing structure poses a threat; rather, because they will eventually pose a threat. Nintendo’s strategy should be to capture as many consumer dollars as possible while their competitors are still weak in their offerings to the casual audience and price sensitive consumers.”
At first thought this may seem like a pretty decent deal. However, some would say that a $50 price cut isn’t enough. Many consumers could easily be enthused by a $100 price cut even though everyone should realize that you are getting more bang for your buck with the PlayStation 3 or Xbox 360.