The console business has become really hard. Nintendo is releasing the Wii U on November 18 and has now revealed that their new console is sold below cost according to GamesIndustry. Satoru Iwata, president of Nintendo said: "The Wii U hardware will have a negative impact on Nintendo's profits early after the launch because rather than determining a price based on its manufacturing cost, we selected one that consumers would consider to be reasonable."
The Wii U sells for $299.99 and $349.99 respectively. The initial stock of Wii U is basically sold out. Only expensive bundles pop up now and then. Here is for instance a $459 Wii U bundle that is in stock on Walmart.
Nintendo plans to sell 5.5 million Wii U consoles this fiscal year.
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Apple's first wearable will not ship until 2015
If true, Apple, as it has always been, must be very confident about its timing. After all, it will be the company's new product from an entirely different category, and people will most likely be patient about it.
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