Pachter: 'Wii U Price Too High, Expect Price Cut Next Year'
Michael Pachter is dropping some knowledge... or basically his own theory about what the Wii U will face in the coming new year. Of course you'd be living under a rock if you haven't been up to date regarding the Wii U and all the news surrounding it when lots was spoken about it a few days ago.
Two versions of the Wii U hardware are available to choose from. The first is $299 and features 8GB of memory, the GamePad controller, console, HDMI cable, and the necessary power cable. The deluxe edition, starting at $350 includes the aforementioned along with a black (instead of standard white) Wii U console, a copy of Nintendo Land
, and also a stand for the GamePad controller.
“We think that Wii U’s price points are appropriate given likely demand from Nintendo’s core fanbase, but believe that pricing will be too high to sustain demand given current competition from other consoles and tablets,” said Pachter. " “In our view, Nintendo was smart to introduce the Wii U at higher price points in order to maximize initial sales from its core audience. We expect 1 – 1.5 million Wii U units to be shipped into the US by the end of GameStop’s fiscal year (January).”
“We expect demand from Nintendo’s core fan base to remain high through the end of its March 31 fiscal year. Once initial demand begins to subside, we expect Nintendo to lower prices”, Pachter continues. “We don’t expect a price cut until summer 2013, at the earliest but do expect a cut prior to holiday 2013. Any prospective price cut will depend largely on competition, which we expect to materialize in the coming weeks.”
Nintendo said prior to the announcement that they wanted to keep it affordable. Compared to what the PlayStation 3 was going for six years ago, it doesn't seem bad. What do you think about the Wii U's announced price tag?