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JustinUK said:
So us Europeans give them the most profit but get shafted the most on the release schedules.

I don't know for sure but I suspect there is a high cost for a company like Nintendo, Sony or Microsoft to do business across Europe and that is why their products are always noticeably more expensive. It is a simple argument but if it was similar in cost for them to do business and sell their consoles in Europe (as it is in North America and Japan) then wouldn't one of the companies take advantage of that and sell their console at a much more competitive price?