Gamestop boss: Wii cut may come to US, PS2 drop was too late

By Patrick Garratt, Thursday, 16 April 2009 07:28 GMT


Gamestop CEO Dan DeMatteo has told CNBC that a Wii price cut may become inevitable in the US, thanks to dwindling demand.

“I think [demand for] the Wii could slow down to the extent that Nintendo may want to cut the price,” he said.

“Nintendo has it within its arsenal to do that. The component costs have come down considerably. They used to break even on the Wii, but now they’re making a considerable margin.”

Clearly having his console price cut head on today, the exec said the Sony’s recent PS2 price drop was too little, too late.

“To be honest, it really wasn’t worth doing,” he said.

“If they’d done it earlier, publishers probably would have kept making games for the PS2, but once they’ve stopped, they’ve stopped.”

More through there.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.



Dan DeMatteo

  • GameStop CEO doesn't see DLC as used game deterrent

    GameStop CEO Dan DeMatteo doesn’t believe that DLC opportunities from services like EA’s are a deterrent to customers who want to buy used games.

  • PS3 and Wii price cuts in the third quarter, says Gamestop

    Gamestop CEO Dan DeMatteo has said his 33.5 million hardware unit sales estimate for this year factors in Q3 price cuts for both Wii and PS3. “That assumes that there will be price cuts on the PS3 and potentially one on the Wii,” he said, speaking in an earnings call, adding, “It’s hard to tell […]


Price Cut