Nintendo Prez Predicts Marginal-To-No Loss on Wii Sales

Jun 8 2006, 6:00am CDT | by Luigi Lugmayr

Partly as self promotion for Nintendo (but mainly as an attack on Sony), Nintendo's President Satoru Iwata said Wednesday that there will likely be a very small loss for each Wii console that is sold.

Of course, with Sony's ultimate powerhouse PS3 being sold at a highly undercut price for the amount of hardware that's included, Sony has previously said that they will lose about $884 million in the PS3 launch. Iwata's remarks are the polar opposite: "We are working to make the Wii business a healthy one from the first year," he says.Since the Wii will be sold at no more than $250, Iwata's statements make clear that the console will not be a technological supermachine. The PS3 has a launch date of November 17, while Nintendo is keeping their official launch date concealed until September.

Read the full Reuters story via ExtremeTech.

Report Published by: Mark Raby

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.