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I think it did what Nintendo expected from it, after all, there were no new games; no hardware revision like Sony and MS had. How much could Wii sell on a price cut. Iwata mentioned a few years ago that a price cut alone would only get you so far, that`s why Nintendo was reluctant on lowering price to raise sales on the long run.

What Nintendo should have done to keep higher sales, was keeping a steady flow of Nintendo Select games on the market and lowering the price of Wii Fit to half (it`s summer after all!). Here in Portugal, for example, Wii Fit still sells for more than 90€. Imagine a Wii with Mario Kart and Wii Fit pack, all for 200€. Wouldn`t that work even better?