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Nintendo will want to keep a model at $300 constantly IMO. Older models can scale down in cost, but $300 is an attractive price point and allows Nintendo to earn higher profit margins.

It's the same thing with Sony, they want to keep a model at $399.99, because they make more money that way.

It's how Apple makes so much money, they don't devalue their product by letting it drop in price, they get people used to spending that same amount, they just keep moving in new model refreshes at those price points.