Price cut on Wii by $50 officially announced by Nintendo

Nintendo today officially announced price-reduction of "Wii" console. It has been rumored since the announcement of price cutting on PS3 and Xbox360 by $100 and finally it came out.

Read on for detail.

Price Revision on Wii Console | Press Release : Sept. 24, 2009

According to Nintendo, they will reduce Wii's recommended retail price from 25,000 JPY to 20,000 JPY(approx. $274 to $220 USD) from Oct. 1. By this price reduction, Wii will be more familiar and enjoyable product to customers, Nintendo commented.

Nintendo sold 8.17 million Wii consoles in Japan and 52.6 million consoles world wide. The price reduction should add more number to the record.

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