Analysts: Without price cuts, Wii could be in trouble
by Ben Silverman
Thanks to months of rumors, Sony might not have shocked the gaming world by finally dropping the price of the Playstation 3 last week. But with a fresh, $299 model en route to retailers, they've certainly changed the face of the console war.
And according to multiple analysts, the company with the most to lose is none other than Nintendo and its market-leading Wii.
Game site Gamasutra checked in with a group of industry experts to get a glimpse into the post-PS3 price-cut future. The consensus? At $299, both the Xbox 360 and the PS3 are in perfect position to make some serious gains on Nintendo's Wii, which is the only system yet to see a price cut and is currently available at the suddenly not-so-bargain price of $250.
"I think that they may see sales suffer, and certainly will see sales down year-over-year," says oft-quoted Wedbush Morgan analyst Michael Pachter. "So we have to see if they cut, unbundle and cut, or rebundle (with Wii Sports Resort plus Wii Motion Plus). They’re hard to figure out."more here
Wii DO NOT WANT, anyhow.