Wii Price Increase Coming

Posted: Mar 12 2009, 7:34am CDT | by , Updated: Aug 11 2010, 1:24pm CDT, in News | Gaming

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Nintendo has announced that the price will increase for its Wii console in the UK due to a depreciation of the pound. The price increase will amount to GBP 18 - 20 and is expected to put pressure on the profit margins of retailers.

Nintendo said, "Due to the severe and continuing depreciation of the pound, we are, unfortunately, having to raise our trade price to UK retailers of Wii hardware. The price that they then offer to consumers is, of course, up to the retailers."

The managing director of UK retailer Chips said, "It's a first. I can't remember any other console that has been launched, been on the market for a couple of years, and then gone up in price. It's an absolute first." Perhaps Nintendo figures since it is selling all the consoles it can build the market will take the price hike. The price increase will put it closer to the cost of the Xbox and PS3 though.

Via Games Industry

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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