Tue, Nov 02, 2010 | 09:43 GMT

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Iwata: No Wii price cuts in the “near future”

Better brush up on those bartering skills. Otherwise – unless our dear Emperor of Economics Lewie digs something up – you won’t be getting that shiny new Wii on the cheap any time soon.

“Of course, we cannot say [a Wii price cut] will never happen, but we are not thinking of it for the near future,” Nintendo president Satoru Iwata told the Associated Press.

Nintendo, of course, recently posted its first six-month loss in seven years thanks in part to lowered Wii sales, but mostly due to a DS sales face-plant worthy of its own short-lived Youtube sensation.

As a result, the console-making colossus is baiting its hook with Wii bundles and the upcoming 3DS – both of which Iwata hopes will reinvigorate Nintendo’s flagging numbers.

“Hopes are high for the 3DS as the first device that can show 3D movies to reach a mass market,” he said.

Granted, the announced Japanese 3DS price (25000 yen) equates to roughly $300 or £187, so the mass market may need equally massive pockets in order to afford one. On that note, do you think it’s too early to start bugging Nintendo for a price drop?

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