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I think Nintendo is pretty much going to ride the 3ds out into profitability. They won't sell that thing lower than the profit point is because of the age of the device (software sales are decreasing consistently on the device to the point where hardware sales aren't as money pumping as they used to be) and the fact that the Switch is selling so well for a profit.

I know the 3ds was probably sold for a loss after that $80 price reduction in its first year that many don't remember, so Nintendo may want to recover loss in the early years by selling less and making more profit rather than selling more and less profit. I personally don't think we will see a price reduction until Nintendo stops making them and just wants to sell through their shipments.