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phenom08 said:

 In case you need an reminder 360/PS3 flopped at $400 plus. Why exactly should I believe consumers are waiting for them? That proved incorrect last time. YOU may be willing to pay 400+ but the average consumer says no. Its funny those Micro/Sony fans are always begging for price cuts but will claim their favorite plats are worth every penny. Begging for price cuts only says our favorite product isnt worth the price tag. The WiiU is priced too high for the average consumer, remember the Wii raped at the PS3s current price tag. If WiiU recieves a price cut with Mario, then no matter how powerful they are, they will be outsold, just ask the Vita. Even without a price cut PS4/nextbox will still be outsold thanks to holiday deals anyways. WiiU didnt have many holiday deals if any and neither will newly released platforms. So right now it may not be worth 400 but later it maybe, or it could be cheaper later this year anyways.

I'm not sure you grasp just how poorly the Wii U is doing.  The PS3 was selling as much in the USA alone in 2007 at $500-600 as the Wii U is selling worldwide at $300-350.  Neither the PS3 or 360 have ever seen worldwide sales as low as the Wii U.

There seems to be a trend where people were confident that the Wii U would do better than the PS4/720, so if the Wii U is doing badly, then they think surely those systems will do even worse.  I'm not really sure why they are hoping this.  If the PS4 and 720 are selling less than 30k in 2014, then console gaming is basically dead.