Wii U (total package) is probably selling at about 20-30% profit. So the full cost of the Wii U (incl game pad, Wiimotes, cables etc) is probably about $240. If game pad is selling at 150% profit that would prut the cost of the gamepad at about $65. So without the gamepad the Wii U (and other packed in accessories) possibly costs around $175.
So, yes Nintendo could sell the Wii U minus gamepad for $150. But they'd take about an 8% loss if they did. However within the space of 2 years, that would probably become a 10% profit.
It also means Wii U can rapidly come down to $250 and still be nicely profitable. So I wouldn't be surprised to see a $50 price response to the launching of PS4 and 720.
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