Wii price cut ($50)

[shams]

gebx said:
It can't be the currency exchange for 2 reasons.

1 - Nintendo is Japanese, they don't really care about the US dollar
and
2 - The U.S. dollar is falling against all currencies, sorry Sham it's not your dollar that's risen in value, it's the american $ that's taking a beaten. Here in Canada where almost at par (used to be 70 cents 2 years ago), again it's not cause the canadian dollar is doing great, it's just cause the american economy is going in the pooper.

Our dollar has risen to (almost?) record levels against the yen. It used to trade in the 80-90 range, last I looked it was around 110.

There was no question that there is "profit taking" happening in places like Australia. Based on the current yen exchange rate, our Wii is even less competitive than the US price!

They started the prices higher than normal ($399 is a good price point - just like $999 was the PS3 price point). It gives them easy room to move down if needed.

EDIT - AU dollar dropped recently (last week?), value has more normalised now. Back to 101 yen (was around 108).

Not sure if this pic/link will work...