It would be a massively stupid move for nintendo to reduce the Wii's price right now. A company's whole purpose is to be as profitable as they can be. If Sony/MS could have sold their products at high levels for the last 18-24months for their launch prices, they would have.
However, both companies realized need to reduce price to hopefully permanently increase their sales rate, and thus overall increase profits. Nintendo could have probably launched at $300 and still have been as successful as they are now.
On top of that, if I had bought a launch PS360, i'd be kinda pissed knowning that 6 mos. later I could have gotten a better version for a much lower cost. At least with my Wii I know I paid a fair price for the product. In fact, like the DS, if the sales stay this high, we probably won't see a price cut until its successor is finally realized...or the PS3 hits $250, which will probably be the same time frame.
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