Nintendo has no plans for a price cut for the Nintendo Wii console

By Stephen Silver

Nintendo's president said last week that the company has no plans for a price cut for the Nintendo Wii console ahead of the holiday season.

According to the AP, Nintendo's Satoru Iwata said Friday that while a cut is possible sometime in the future, Nintendo is "not thinking of it for the near future."

The Wii currently sells for around $200. Its only price drop since its 2006 introduction took place in September of 2009.

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