AP News

News Summary: Nintendo rules out Wii U price cuts


$300 AND RUN: Nintendo's president ruled out price cuts for its new Wii U as a way to boost sales, even after a subpar performance during the holiday shopping season. The Wii U sells for about $300 in the U.S.

RISE OF THE PHONE: Game machine sales have suffered as consumers play more games on smartphones and tablets.

PROFIT PROMISE: Nintendo expects an operating loss of 20 billion yen, or $220 million, in the year ending March 2013. But Satoru Iwata made a "commitment" that Nintendo would post operating profit of more than 100 billion yen in the year ending March 2014.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus