Nintendo Announces Japanese Wii Price
Wowzer writes "Nintendo has revealed to Famitsu.com, at the company's recent press conference unveiling its financial results, that Wii would arrive in Japanese stores with a maximum price tag of 25,000 yen. After taking in account various factors, the conversion to other currencies comes down to a launch price of: 225 dollars, 225 euros, and 150 pounds." Update: 05/25 13:45 GMT by Z : GamesIndustry.biz points out they hope to ship 6 million units by next March, and an Opera exec has said you can browse the internets with the wiimote.
All this negative press about Sony, and you come out a true champ.
This is one I'll be getting myself for Christmas. I don't see them changing the price much, if at all when it comes overseas.
The next question is, how much of a profit are they making on that? IIRC, Nintendo doesn't have a history of taking losses on their consoles, someone correct me if I'm wrong. At this low price, is it possible they've taken a turn on this one?
Either way, even if Sony has a killer launch lineup, I don't see them making the family Christmas market given the steep price difference. Unless the 360's price has a Christmas price drop, I doubt they'll be much in the match, since they got their head start last year.
It seems unlikely that Nintendo would go below $250 in the US. That price point is already well below the PS3 and Xbox 360, and I can't see that they would get any more customers. It's much more likely that Nintendo will bundle a game, and if they're smart, it will be a good one.
In Soviet America the banks rob you!
I haven't bought a console in over a decade. But I will by a Wii. I've been thinking about a Playstation 2, since it's a mature system by now, but Nintendo has a lot more family oriented games, or so I hear.
Help! I'm a slashdot refugee.
if it's 225 dollars, then here in the UK it will be 225 pounds. FACT.
still a good price in absolute terms though.
Google calculator:
225 Euros = 288.13500 U.S. dollars
One word.
Shit.
Anagram("United States of America") == "Dine out, taste a Mac, fries"
"After taking in account various factors, the conversion to other currencies comes down to a launch price of: 225 dollars, 225 euros, and 150 pounds."
This is not official. This is mere speculation on the part of the article.
I, too, can pull numbers out of my ass. For example, because the launch price of 25,000 JPY is exactly the same number they used for the GameCube, they'll release the Wii in the US for 199 USD (like they did with the GameCube).
Until we get official numbers, though, this is all speculation.
According to http://www.xe.com/ucc/, 25000 yen is: 223.435 USD (dollars), 174.841 EUR (euros), and 119.357 GBP (pounds), not 225, 225, and 150 respectively, as the article says. Just what "various factors" does it take into account, anyway?
do {print "Mini-Geek Rules!\n";}
until ($TheEndOfTheWorld);
if u can't afford to buy any of the next generation consoles, all the previous generation consoles and their games will be dirty cheap. the gamecube should drop to 70bux the ps2 maybe down to 99 when the ps3 comes out, i dunno about the old xbox though, since that might just go away completely.
so for poor folks you can have alot of good fun with all the A+ games from the old ps2 and gamecube.
I can't say the announcement of the price has swayed me in any way. Price was never what held me back on newer systems. I havn't bought a system since the Nintendo 64 because most games are nothing more than recreations of games that have been available for years. The thing that does swing me to the Wii is the innovation and "Road Less Traveled" feel of the entire system. It no longer feels like a Gamecube V.2, nor does it feel like they are slapping some new hardware inside the old shell to make games prettier. I feel that is all the PS3 and 360 have going for it, they have more power than their earlier versions. SO WHAT! If you simply do updates and resell as brand new their is nothing innovative and exciting. It seems that Nintendo caught on to this and decided to try things a little differently. I saw that simply reshaping the wheel wasn't enough for most people and decided reinvert at least a small part of the wheel. Now I'm not saying that Nintendo is doing something that is 100% brand new, no, but I do say that Nintendo is doing something in a totally new way and they stand to reap the benefits of it. Sometimes, even a small diversion from the path will lead you to a whole new place.
-tgpo
£150?
;)
I'm buying one. End of discussion.
For the price of a 360, I can get something original and interesting, plus 3 games, and waste away hours being entertained. Seriously, why do I need a 360 or a PS3, when this thing looks like it might actually manage to be a games console, instead of a glorified media centre?
Given the marginalization of the GameCube, I've been wondering whether Nintendo wouldn't be smart to lose a smidge on each console this time around in order to regain market share. Their two competitors have blown prices sky high and narrowed their market considerably (I think) by making it necessary to pony up for an HD screen in order to really see the fun from their new systems. Sony and MS are vulnerable, vulnerable as can be. Nintendo needs to get the third party developers on board, and the relative cheapness of developing for Wii is a step that way. But imagine if the Wii release price was a bit of a loss leader, a $175 sort of thing, and they got a huge jump starting next November or so in their market share. Developers would take note.
I doubt it happens. As you say, Nintendo makes profit on its consoles (and everything else), and doesn't play the market share game a la Microsoft. Sony always tries to bundle everything with some sort of wrongheaded standards war "leverage" move. MS desperately tries to gain market share despite losing rivers of money, and imagines they understand the "extreme" tone "hard core" gamers like, 'cause you know, they're so cool. The teams keep running the same plays... I still think Nintendo is the clear winner this round, in prospect.
"Fundamentalism" isn't about divine morality. It's about human authority.
In a surprise move, Nintendo announces that Elmer Fudd has been tapped as the official spokesperson for the North America release, scheduled for Q4 2006.
No further details were released at this time.
This is a severe undercut... In fact there has never been such a mighty difference in prices in past console wars.(unless you count the neo-geo, meh-heh!) It will be interesting to stand by the sidelines and watch Nintendo again rise.
Go ahead and call me unreliable; reliable is just a synonym for predictable.
I wish flight tickets to Japan were less expensive as it will be overpriced in Europe again :(
Pixel image editor - http://www.kanzelsberger.com
Update: 05/25 13:45 GMT by Z : GamesIndustry.biz points out they hope to ship 6 million units by next March, and an Opera exec has said you can browse the internets [sic] with the wiimote.
:-)
"One-handed" browsing! Well spotted, ed. Will be useful
In the uproar over how much more consoles (or electronics in general) cost in the UK and Europe, folks always forget about the VAT. (Value Added Tax)
IIRC, in the UK, Europe, and Canada, the VAT is included in the advertised (and paid) price. In the US, the rough equivalent (Sales Tax) is never included in the advertised price (except for Gasoline for some reason). Of course, not all localities in the US charge sales tax, the amount varies depending on where you live, and the amount is lower than VAT.
A more fair comparison would be to take the VAT out of the price, and THEN compare how much the equipment costs in various countries. That determines how much the manufactuer and retailer actually receives for the console.
SirWired
Could we perhaps see a Wii/DS-Lite combo pack for 40k yen? Either way, Nintendo has just sold me my new toy come winter.
Trust the Computer. The Computer is your friend.
"an Opera exec has said you can browse the internets..." Really? All of them? Good because I'm tired of this one. On a side note, a friend of mine pointed out that every Nintendo console has debuted with a price tag of $200. I don't see a reason for the Wii to be any different.
It is even more fun to speculate on the eBay price once all the stores are sold out of them. Even if they start going for tripple the retail price, it'll still be in the same range as a loaded PS3.
Now I just need to figure out how to get my hands on two....
I was hoping for $199, as their 4 previous consoles launched for that price too, plus I think launching for that price would pretty much make the PS3 look un-godly expensive.
...I'm getting a wii, despite the name.
Both Sony and Microsoft can go fuck themselves.
Mod me down with all of your hatred and your journey towards the dark side will be complete!
They statement actually said the price will not be more then about $220 US. The console will be $200, just like all the other ones, Very poor title and I wish people would RTFA. Nintendo just said the console will not be more then $220, not that it is going to be $250.
Now the only question is what will it come with. One "wiimote" or two? Credits for virtual console games? How about a game included (Wii Sports?). Come on Ninty throw us a bone here.
Source: http://www.officialnintendomagazine.co.uk/news_250 506_wii.html
The Gamecube was also launched at 25,000 Yen in Japan. The Gamecube had a $200 price point in America.
Unless Nintendo takes into consideration fluctuations of the dollar vs. yen (not sure what the difference is between then and now), I think it's pretty safe to say that we're going to see a $200 Wii. In previous interviews (during E3, I believe) Iwata stated they've had a pretty consistent price point for releases and see no reason to change that- every console system they've released has been done so at $200.
While Nintendo may not have the latest & greatest in graphics processing, the technology they isn't exactly common. It's nice to see that they follow the trend of all other hardware, in that prices fall as technology advances (before you say "But they've all been the same price!", work in inflation, where the NES at launch cost $350 in 2005 dollars)
yes, you can browse internet...with a "Wiimote"
now all we need is a phone attachment called the "Wiicall"
Eat a Chicken, You know you want to.
Nintendo warns of weaker profits
I'm not saying Nintendo is dying, it's normal to have lower profits while preparing mass production, just thought it'd be relevant.
Because unlike you, we know how to leverage our leading-edge efforts into a new paradigm.
You know Nintendo... After the first few months there will be a price drop, then a few months after another drop and so on... I say it will be $249 USD at launch to clear out the early buyers and holiday season but afterwards it will probably go down by $20 and then by the time they reach 6 or 7million units they might even bring it down by another $20. That's my theory.
jappleng.com - News best served with breakfast.
¥25,000 = $223.30 = €174.79 = £119.36
¥25,000 ~= $225 /= €225 /= £150 !!!
I mean, wtf? Ok, so we all know they'll charge more in Europe than in the States or Japan, but at least do the currency conversion right.
And btw, Slashdot doesn't work right with ≅ or ≠ ...
A) They didn't announce the price point, they announced a MAX price point, which is very different. That title is misleading.
B) You should note the fact that consoles almost never sell for the same price in different countries, no matter the exchange rates.
C) It would have been worth mentioning Iwata's recent hint: "you may want to check our past records of price points, launching price points for any past hardware." Nintendo's never NOT released a system in the US for anything other than $199.99. Take that + this guy saying it's going to be LESS than ~$225, and I don't see how you can't come to the conclusion that it's going to be $199.99.
My report on this story is here:
Wii: Almost surely $200, but still not confirmed
Somewhere deep inside Nintendo's marketing dept...
Original name: Nintendo Revolution --> Short form: Nintendo Re --> voice recognition on typical japenese accent : Nintendo Wii
And we have a winner
Anoop's blog over at IGN had a post that included a rumor about how Nintendo was set to announce their launch price of 199.99 USD and 25000yen, but decided to reconsider after seeing Sony's price. I think it's pretty much a given that it'll sell for 199.99 USD in the US, and given the track record of charging the same numerical value in Euros as they do in USD, it'll probably cost 200 Euros as well. It's a good thing.
"Until we get official numbers, though, this is all speculation."
Yes, I believe the original article said that.
In other news, water is wet, the sun is hot, and lawyers are not always ethical (you can take these little ideas and run with them, tiger).
The fact that people have marked you as "insightful" says two things: (a) in general people are stupid (b) since people do the moderating, we've got primarily stupid moderators.
''Update: 05/25 13:45 GMT by Z : GamesIndustry.biz points out they hope to ship 6 million units by next March [CC], and an Opera exec has said you can browse the internets with the wiimote [CC].'' What are these internets you speak off?
It doesn't work like that. They didn't just do a straight conversion of exchange rate. They took other factors into account too. Also, it makes no sense to convert from yen (+ other factors) to Euros (+ other factors), to US dollars (+ other factors). If you are going to compare a direct conversion of Yen to US Dollars it comes out to about 220 dollars. However, there are other factors. Things that may seem as silly as how the price rolls off the tongue. History of their other console launch prices. What other systems are actually selling for. Whether the console will be produced in that country or imported. Supply. Demand. Many other factors.
If an officer ever threatens to taze you, say you have a pacemaker.
I was mistaken about Canada, I thought it was rolled in to the price. Oops.
SirWired
Why do people say "price point" instead of "price"?
:-)
Because we're discussing things in business terms. When you look at marketing a product like a game console, pricing becomes a major marketting factor. As a result, a random price like $231.45 would be a poor choice. (Even if you could sell it for less that way.) Instead, marketeers will develop a set of price "points".
i.e. Should the Wii sell at $149.99, $199.99, $249.99, or $299.99?
Each price "point" is carefully analysed for marketting potency as well as expected returns. The idea is to select one of those points that will meet your goals as well as maximize profits. (Or minimize losses in some forms of the razor-blade model.)
As a result, everyone is trying to second guess Nintendo's choice in price points. Will they hold to tradition and sell for $199.99, or will they maximize profits on each unit and sell for $249.99. Or at the extremes, will they shock the world with a $149.99 price point? Or will they not be able to meet cost predictions and hit the $299.99 price point?
Clear as mud?
Javascript + Nintendo DSi = DSiCade
http://en.wikipedia.org/wiki/Internets_(colloquial ism)
It's a joke, son.
Indubitably.
Never heard of humour? internets/interwebs as a joke term has been around for ages; I find it amusing that you even think you can get people to capitalise the word 'internet' even when used legitimately, after all these years. And how come you didn't pick on wiimote? It's a coinage! It's not a real word!
;)
While making this post as a 'oh give over' kinda post, I also just realised that with the current internet, the predicted Internet 2.0 (ooh, capitalised... proper name! That's because it's a project proper-name rather than an example of an object; similarly unless you're in Germany you don't capitalise the Phoneline either), and the semantic web in the previous topic, internets may well even be valid use of the word
P.S. There's a Wikipedia Article on the matter. Note in the graph how sales droop between price points.
Javascript + Nintendo DSi = DSiCade
No Japanese game company can be taken seriously that doesn't price its console under $850....
http://www.google.com/search?q=225+US%24+in+EUR So why do we europeans have to pay 50 US$ more for the same console?
Life is just nature's way of keeping meat fresh.
225 dollars, 225 euros, and 150 pounds." We always get screwed over in the UK, i'd say £225 is more likely.
Sadly, that's exactly how my Director sounds when he talks.
Wish I still had some mod points hanging around to bump you up.
Of course that's just my opinion...... you could be wrong!
200 or 225, does it matter :) The news is the confirmation it'll not be $400 nor $600 :)
I see. So this thing is just a figment of my imagination? If you're going to criticize someone for being a dumbass, you'd better be careful not to be a dumbass yourself.
So only 6 million Revolutions by next march? That doesn't sound too good to me. A quick look at the factbook page for Japan says that Nintendo has 67%, or roughly 80 million, people in the 15-60 range to sell to, just in Japan. I'd say that they're going to need at least 10 million units to launch there alone, and considering that basically everyone in the rest of the world wants one too, 6 million by March just isn't going to cut it.
With the current trend of things for this console, I hope Nintendo isn't going to intentionally under produce. They've been intentionally playing the carrot-on-the-stick game with us in terms of details about the system for a good while now, but it has to end eventually, and production would be a nice time to.
"My heart is in the work." - Andrew Carnegie
If it ends up coming out at $199 and they can have it out before the holidays they will sell a ton. But they need to have enough for everyone to buy. At the $199 price point it will be a no brainer purchase for many folks.
"Internets" is a reference to what george bush called it in one of his debates in 2004. Shame on you for not getting the joke.
No he has it right it is internets both of them the one Al Gore invented and the one the rest of us use.
I think the invisible hand of the market has its middle finger extended
--A wise old fart named SC0RN
And, given the dollar to euro exchange rate, a lot of europeans will end up buying it in/from the USA!
given the way our currency is become worth less all the time, right?
Seriously, though, $225 is a great price, which means you can pick it up at Costco for probably $199 around Christmas in a game bundle.
-- Tigger warning: This post may contain tiggers! --
Oh how I laugh at your cost comparison.
What you have no concept of is how we in the UK get gouged by the hardware manufacturers.
The rule of thumb is that if its 225 EURO/DOLLAR then its going to be 225 (or more) POUNDS.
And what do we get for this remarkable costhike
I wait with trite anticipation of correction when the prices are announced in the UK.
--- This meme is memory intensive
I think the arguiing over currency rate price conversion has gone on long enough... its been beaten so much its nearly necrophilia.
Now as to a previous comment that Nintendo wouldn't be selling at a loss.... why not? If they're losing a small amount per console (eg £10), they will be undoubtedly gain a big market share especially when looking at the prices Sony and MS are charging.... but then they could put up the prices of the games by a little (eg £2) and probably more than recoup the loss they made on the machine itself. Afterall, you have one console but buy lots of games for it.
So according to my example, if five people buy the Wii, Nintendo will be £50 out but if each person over the space of 2 years buys 10 games, thats Nintendo up by a net profit of £50.
dont you just love the complexities of marketting?!
It hasn't really happened before, has it?
The majority of imports come from the fact that the system usually comes out so much earlier in other markets. You'd probably pay more in shipping and customs to get one from the US than the difference would be to just go out and buy one from the store. I seriously doubt that there will be that big of an import craze.
And, yes, hopefully with a game.
I think shipping it with a game is unlikely, but....
We know there's going to be a "virtual console" that will allow people access to play older games. I think it's likely that they will offer some kind of free access to that and the ability to download/play wii demos.
...an Opera exec has said you can browse the internets [sic] with the wiimote.
I hear there's rumors on the uh...
Frink: Nice try floyd, but you were designed for scrubbing, and scrubbing is what you shall do.
...whether or not the developers get on board with Nintendo and produce cool titles and innovative ones. I do like the GC compatibility that's rumored to be in the Wii (That means I probably ought to be on the prowl for GC titles again... :-) and that it's nicely more capable than the GC. If they get studios on board they'll clean both Microsoft's and Sony's clocks with the pricing the way it is. Sure, you've got a more "powerful" machine with the other two- but there's not been really all that many titles out at rollout (definitely not for X-Box 360) that USE that power, and you've got to get an expensive HDTV monitor to really see the advantage, and... I honestly don't know what the other two companies were thinking when they came out with this generation of consoles.
I am not merely a "consumer" or a "taxpayer". I am a Citizen of the State of Texas
Max Japanese price: 25,000 yen
Remove included tax: 25,000 / 1.05 = 23,810 yen
Factor in realistic JPY -> USD expectation of exchange rate for 2006 4th qtr. (not today's): 23810 * 0.0086 = $204.77
All past Nintendo consoles: $199.99
Difference: $204.77 - $199.99 = $4.78
Compute significance: (4.78 * 540) - (239 * sum(4 8 15 16 23 42)) = 0
Most likely US price: $199.99
(Special thanks to the Hanso Foundation for their significance formula)
From the Nintendo magazine link
When the X-box released before x-mas, they sold every single one. Heck, my little bro had his pre-paid at EB in November. We received it in February. If they're going to sell out, why don't they just make more before they start selling? MS doesn't make more money from people re-selling the unit on e-bay, but MS lost a lot of goodwill by failing to deliver a unit in reasonable time.
MS just became a running joke b/c so many people had ordered systems and not received them. I'm sure that this hurt them. I heard rumours of supply-chain issues and given ATI's own supply-chain problems, this may have been true. But, truth or no, it didn't get more systems in more houses, it actually gave potential buyers less exposure, b/c nobody had a system.
I would've bought an XBox 360 in December, I was hyped about them, the marketing blitz was on and I was keen on owning one. But hey, I couldn't buy one! My buddy with the 50" hi-def TV, he couldn't buy one! Nobody could buy one, so we all just moved on. I spent $600 playing Magic instead and now I still don't own a 360 (nor does my buddy :).
But now I hear that Nintendo will have only 6 million units at launch and it's like these marketing guys know something that we don't. I mean, at $250 each, they're going to sell out. And last I heard, sold out products meant lost potential profits! If people want my product and they can't buy it, then I'm giving them the opportunity to just spend their money elsewhere.
This Nintendo Wii is going to spread like wildfire. Casual gamers are going to come out of the cracks, people will marvel at the interactive gaming, just like people who stare at the DDR machines in the movie theatre arcades. But if I have to tell all of my jealous friends (& family) that they cannot have the instant gratification of owning their own system (b/c Nintendo didn't make enough systems) then they're going to move on the Next Big Thing.
Having a limited number of consoles makes the console a highly-valued item, it does not put more consoles in households, it does not increase the system's exposure, it does not sell more games, it just makes people angry that they can't own one of their own.
Almost no Europeans would buy one from the USA. First off, we have a different TV system, and the consoles sold in America are preset to NTSC. Second, there will probably be region limitations set by Nintendo. Third, even if there aren't any region codes, not all PAL games will happily work on NTSC consoles, and vice versa. And finally, when you import stuff from outside the EU you'll have to pay VAT if the value of the import is higher than something, in my case about 45 EUR. So, $200=(158+20(postage))*1.22=217.16, and that's assuming there's no import duty on gaming consoles.
In the US sales tax varies by state. Some states don't have sales tax at all. And even if your state does have sales tax, some people are very good at avoiding paying it (by ordering from another state).
So yeah, for the typical case you might want to compare prices by adding sales tax to the price. But for the crafty consumer, sales tax is avoidable, and so you won't be representing what they pay very well.
http://lkml.org/lkml/2005/8/20/95
I'm not too certain that the remote with an onscreen keyboard will be easy to use, certainly not at 480p. Since these things are coming with bluetooth remotes I have a feeling they'll be some BT keyboards floating around within the launch hours, possibly just support for third party ones. /Price point will be 200 or 250, doesn't really matter much either way.
I think William Zinsser would have something to say on this topic:
c es/zinsser.htm
http://www.cla.wayne.edu/polisci/kdk/general/sour
The only clarity that can be derived from your post is your utter lack of any formal business education. You are talking out of your ass and it shows.
You think the Wii is going to be able to hook up to Internet2? The research university pipeline? Really?
I think it's fair to say that Wii only will be surfing the singular-Internet-with-a-capital-"I", and Zonk was being colloquial.
¥25,000 = $223.30 = 174.79 = £119.36
/= 225 /= £150 !!!
¥25,000 ~= $225
Did you include Tax?
...who preferred good olde pound over new euro some time ago. Stick to the british tradition for the sake of God and the Queen.
Not only that, but if a customer looks at the display of 2 systems side by side, I would bet that most of them could not tell a difference between Wii and 360.
Particles and antialiasing are nice, but they don't matter as much as fluid animation.
Throw in the 200 bucks price difference and parents and fence-sitters will vote with their wallets.
If you don't know what AltaVista is (was), get off my lawn.
1) That the $300 core system X-Box 360 is capable of playing most of the titles offered or playable by the $400 system (Doesn't look to be the case, in all honesty...). It looks like you're going to have to get the $400 system to play all the possible titles out there- including the older X-Box titles. That makes that Core System price point a non-play in most cases.
2) That PS2 games will continue to be released for a while to come. Keep in mind that there will probably be some PS2 titles rolling out after the release of the PS3, but it's NOT in Sony's interests to keep that going for very long. Once that occurs, the cutoff, your source of new content for the console will dry up. From there on out, you're dealing in the used market solely. Sure, you can get PSOne titles still, new in the box- but those are "classics" and what was in the retail channel when the PS2 came out. Nobody has been producing titles for the PSOne since the PS2 came out. I know, there's lots to choose from- but anyone that is going that route wouldn't have bought a new console anyhow.
Guess what? It still looks promising for Nintendo at a $250 price- new content, new ideas, etc. But, in reality, I suspect they'll be rolling out the Wii at the $200 MSRP because that's what they've ALWAYS released a machine at in the US since they did the NES... And, at $200 for the initial rollout price, it's a fairly compelling deal if they can play old GC titles AND have a nice stable of new titles- which it looks like they might have at rollout.
I am not merely a "consumer" or a "taxpayer". I am a Citizen of the State of Texas
According to Nintendo, the price of the Wii in the United States "will not exceed $250 in America."
I'm definitely getting my hands on this baby this fall.
Bingo.
Which is worse: ignorance or apathy? Who knows? Who cares?
Nintendo has never sold a console at a loss, instead just deciding to intelligently design their consoles to be powerful enough to do what they want, without needing bleeding edge tech to knock the price out of the range of profitability.
The result is that going into this generation, Nintendo is the only profitable one out of the big three -- Sony and Microsoft both lose money every single quarter on their console devisions, Nintendo *makes* more money than Sony loses.
A year ago their Quarterly profit was down 80% but this year It has jumped 12.5%. Around the same time Nintedo had a drop in profit, Sony and MS were still running WELL into the red (last paragraph).
So, uh, yeah. Staying within their means has managed to keep Nintendo, dispite not being #1, nicely afloat and profitable, which is something the other two cannot say. I cannot imagine them doing anything different this time.
Personally I think the consumers are getting ripped a new one if they buy these overly expensive consoles.
/.ers that wouldn't pay for it anyway but I just wanted you to remember, all consoles eventually collect dust. If you were smart you'd put your $600 into your ING this way, if your a die-hard SONY loyalist, you'll be able to afford their next console. (that is... if this console doesn't do them in).
I am primarily a pc gamer but I do not mind laying down some hard earned cash for a console. What I have seen thus far is not really that impressive for the price. Except for wii. I'm drawn to the new ideas and the fact that it just looks plain ol' fun. Most companies will play out a format until its dead. Nintendo always seems to try something new and innovative (perhaps out of necessity).
Originally when the cube came out, I was put off by the fact that nintendo had gotten a reputation for being a little too family oriented...too many cute n' cuddly games so to speak. Also, their hardware was inferior, their mini disc media didn't hold as much data..etc..etc..etc. I've heard it all.
Surprisingly tho,while the ps2 and xbox were collecting dust I was thoroughly enjoying the GC including the DK bongo games(which made your game room a hit with the kids) and felt I would have gotten my moneys worth if I had paid full price. Games not available on the cube I played on my PC. Now the cube is a dust collector as well but at least it accomplished its task. I had more fun with the games on that little jerky console than I ever did with the others and I didn't have to feel guilty afterward.
It already seems that there are a lot of
I would be heart broken if the speculated price of wii was way off. I wouldn't buy it but I could just play it at a friend's house. After all I already have 3 dust collectors
I haven't read any posts that bash nintendo and this is not a call to arms to defend it. Just relating a story of my new found loyalty to a company I had forsaken for so long.
I must have messed up the link, but, the 12.5 comment was supposed to link here:
s s/financial_markets/14661930.htm
http://www.mercurynews.com/mld/mercurynews/busine
Sorry about that.
Nintendo Wheeeeeeee!!!
Shades of Grayden
Well, someone already mentioned the specifics of finding an optimal price point and non-linearity but skipped the basics. You as a consumer probably see price as a line:
0 --- 100$ --- 200$ ---300$ --- 400$ --- $500 --- $600 --->
Economists are looking at a graph - the price-quantity graph with points (p,q), and the price is just the y-value. They try to estimate this graph and while for every price there is one price point, many concepts don't make any sense otherwise. For example, there's great uncertainty about the $600 price point of the PS3, meaning what quantity it'll sell. There's no uncertainty about the $600 price - it means you need six 100$ bills.
Live today, because you never know what tomorrow brings
Indeed, there are regional price elasticities in existence in every price point. One economic theorist referred to the phenomena as the "kinked demand" curve - the demand curve is bizarrely curved in these situations. Bear in mind the videogame market is oligopolistic - just a few dominant manufactuers; Sony, Microsoft, Nintendo. Thus, over time consumers have adapted to the pricing process. We expect prices to be reasonable and we're VERY concerned about even the smallest of margins - you can see right here in this topic: $249 or $199?! Luckily for Nintendo, the falling cost of electronics manufacture has exceeded the rate of inflation in Western nations and Japan itself, thus profit on the console unit will occur regardless.
Therefore, the Wii itself may be $200 still - hence a robust demand, and strong demand from cross elastic products such as er....games and the DVD enhancement, extra pads - even Gamecube controllers. The situation looks good for Nintendo eitherway - though on balance $199 seems the better option than $249, as it is certain Nintendo will be able to force down manufacture costs further. We can only hope the traditional sturdyness of their equipment remains.
The more "perfect competition" orientated PC game market however, did not express this elasticity phenomena quite so starkly until recently, with the rise of EA/Ubi Soft making the market oligopolistic - but thats a different argument altogether.
Shame for not seeing a lame joke? get over yourself.
I see. So this thing [internet2.edu] is just a figment of my imagination? If you're going to criticize someone for being a dumbass, you'd better be careful not to be a dumbass yourself.
... they don't realize even South Korea has broadband 20 times faster than US cable modems throughout the entire country, or that universities use Gigapop switches just for internal same-room wiring.
...
Ssshh. Don't tell them we have pipeline that makes theirs look like a putt-putt car next to our rocket ship
If they found out about it, we'd have to let them buy wood on it, and right now we're busy using it to decode genomes, find protein structures, do medical surgery remotely, and find drug targets for malaria.
However, none of this will keep me from buying the Pokemon Pikachu Lightning Yellow Wii with Bulbasoar Blue-green Nintendo DS combo that will be bundled around Christmas
-- Tigger warning: This post may contain tiggers! --
You missed the point. $187.22 is a price, but it's not a price point because it's clearly not a possible optimum in marketing terms. Price points are a subset of prices.
For that reason, I'm not shocked that they also only annouced a cap on the price, and not the actual price. The USD/Yen conversion ratio has been a bit unstable lately, and while I get the impression Nintendo really wants to launch at $200, it's probably going to boil down to how strong the dollar is when the Wii launches. If it's strong, $199, otherwise if it's weak, we get it at $249.
Of course, the American Wii will cost 50% more--our Wiis are bigger.
If It's $250 or lower I will be buying. From What I know the remote controller device is Bluetooth. Someone should make a bluetooth keyboard and mouse devices to work with Wii.
The wiimote? Please tell me Warner Brothers is making a game where we can hunt wabbits with our wiimotes.
Conversations tend to be so much more civil when there's a chance the other person might snap and kill you.
Well it looks like the Wii will be able to get on Internet 2 as well since it can browse the "internets". That will certainly put Sony and MS in a vice grip.
Does God treat us as servants or friends? Check my homepage.
I have a retraction to make from my post regarding spin direction.
It's not unheard of, but apparently, I'm wrong on this one.
"The Nintendo GameCube uses a unique storage medium, the GameCube Optical Disc, a proprietary format based on Matsushita's optical-disc technology; the discs are approximately 8 centimeters (3 1/8 inches) in diameter (considerably smaller than the 12 cm CDs or DVDs used in competitors' consoles), and the discs have a capacity of approximately 1.5 gigabytes. Contrary to popular belief, GameCube discs are not physically read any differently from a standard DVD disc, but are encrypted and contain a 'barcode' unreadable by most DVD drives. This move was mainly intended to prevent piracy of GCN titles, but like most anti-piracy technology, it was eventually cracked. By exploiting a flaw in Phantasy Star Online Episode I & II, users were able to connect their GameCubes to their PCs and run homebrew programming on the console. [3]. Later, a special debug mode in the GameCube drive was discovered which allowed the console to read and play from standard mini DVD-Rs."
http://en.wikipedia.org/wiki/Nintendo_GameCube
I wouldn't consider the mad hatter mad. Just reality impaired. He sure can make a mean cup of tea.
The cycles of grief upon hearing the Revolution being called the Wii.
denial, anger, depression
-when word first broke
-www.wii.com still points to Weyerhauser
bargaining
-E3 the name will be announced as a hoax
and acceptance.
-Congrats Nintendo -Anyone seen my Wiimote?
Becasue economists and pricing folks don't think about price as what's-on-the-sticker-at-the-store, but rather in relation to pricing models. There is a pricing curve, and the price that you set for sales is a point on that curve.
"Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
I'd rather pay $199 for a multiplayer system out of the box and choose what games I want, than get some multiplayer games thrown in as an afterthought but have to pay another 20-30 bucks to be able to play with someone else.
I remember the first NES console I got came with two controllers, AND the lightgun, AND a Super Mario/Duck Hunt cartridge. And that wasn't a "bundle" either, that was in the retail box.
Doesn't anyone find it interesting that you can browse the internet with the WiiMote, AND OPERA supports "gestures"?
When the X-box released before x-mas, they sold every single one. Heck, my little bro had his pre-paid at EB in November. We received it in February. If they're going to sell out, why don't they just make more before they start selling? MS doesn't make more money from people re-selling the unit on e-bay, but MS lost a lot of goodwill by failing to deliver a unit in reasonable time.
You are under the impression that Microsoft actually wanted to sell a lot of consoles. But in fact, those first consoles sold will probably over their entire lifetime never pay back their costs. Microsoft benefits from delaying purchases as long as possible, until the components are cheaper.
So the strategy that makes the most business sense is to sell as few units as possible at launch while maintaining the impression of a successful launch. It is far better to have people in line and going away disappointed than to have big stacks of boxes in stores waiting to be sold. Note that they can't limit sales by cranking the price way up, even if they are being snapped up for double on EBay, because this would be perceived as profiteering on a shortage that they created. Also, a high price would raise public doubts about the viability of the console, and whether Microsoft has priced themselves out of the broader gamer market, such as we are now hearing for the PS3.
I imagine that Sony will do the same thing with the PS3, for the same reasons. Nintendo now seems to be pursuing a different strategy--they probably will not be taking a loss on the Wii, even at first, so maybe we'll have a chance of seeing a decent supply at launch.
So let me get this stright. Not only do i need to pay Nintendo $225, but i also have to find 225 European people to trade in for a bloated overweight game system that weights in at 150lbs! WTF!
Are you an Opera user? If so, how are gestures handled (i.e. built-in or via plugin)? And how well do you think they'd work with a Wii controller?
-=-=-=-=-=
I'd rather be flamed than ignored.
Some of the most popular games are the simplest. Take the latest craze of Soduku, for example. It doesn't require much of a CPU at all to run it well. Neither did classics like Tetris, or any of the creative little games put out by companies like "Popcap", who offer theirs for PDAs and cellphones, as well as for Windows, the Mac, and as web-based applets.
... but they're short on originality at this point. All the "cool weapons" you can think of seem like they've been done in one variation or another and they've got the game physics down to impressive levels of detail. The only way they seem to be able to "wow" people into buying the "next great FPS" is a promise of more life-like graphics, which requires ever more expensive graphics hardware, system RAM, and CPU power to pull off.
In general, the most resource-intensive games out today are all 1st. person shooters, following in the footsteps of Doom and Quake. I can't deny I love playing a good FPS game
XBox 360 and PS3 are getting caught up in this vicious cycle of "increase the hardware so the remakes of the games can be improved another notch". Nintendo seems to be the only one saying "Wait a minute! We can build something that's updated to a sweet-spot of hardware for the dollar, and then build creative and attractive games to run in those parameters - and do just fine for ourselves!"
Sounds like a better business plan to me.
wii:£150
ps3:£450
Spending the rest of the money on the games for wii when your mates just have a ps3 with no games cos they spent all the money: priceless
Flash: Slashdot Games poster a fan of Nintendo! News at 11:00!
Comment of the year
Hey he was only fooled once - shame ..shame on...you
$150 pounds should come out to about $400 Canadian.
Yeah, hooray. Too bad the Wii doesn't come with high res capabilities then. Crap!
You are judging Nintendo's launch plans against a number you picked absolutely out of thin air. Let's look at some more realistic numbers.
The Sony PS3 will launch at roughly the same time as the Wii, and 6 million units is the exact same number of units Sony says they want to ship by next March.
The XBox 360 shipped about a year before the Wii will. By the beginning of this May, it had shipped about 3.3 million units.
The Nintendo DS, the effective successor to Nintendo's enormously successful Game Boy, took about 14 months to sell 6 million units.
So: Nintendo is planning, by March, to ship about twice as many units in this console generation as the Gamecube's closest competitor has in the same period; and about the same number of units as their most successful competitor, the one who sold five times as many units as the Gamecube, will in the same period. And they're expecting these units to sell roughly 3 times as fast as Nintendo's last video game system did.
Let's ignore, for a moment, the very real question of whether it's even possible for Nintendo to manufacture more than 6 million units by March. Let's furthermore ignore the opposite and equally real question-- whether Nintendo has the option, if it becomes clear they have not been sufficiently optimistic about the Wii, of increasing that number to more than 6 million units by March. (Nintendo did in fact do exactly this with the DS-- a month or two before launch it became clear they'd understimated demand, so they rushed to increase the number of production lines and met demand just barely.)
If you compare Nintendo's launch numbers to the actual video game market, instead of comparing them to "the population of Japan", 6 million in the first few months is an extremely optimistic number-- and if Nintendo manages to meet this number in sales, it will be a major coup.
Headline: Nintendo Announces Japanese Wii Price
:)
"Nintendo has revealed to Famitsu.com, at the company's recent press conference unveiling its financial results, that Wii would arrive in Japanese stores with a maximum price tag of 25,000 yen"
So they didn't annouce the price, they just told us what the max price would be. In all likelyhood, they'll announce a price under their "max price" to seem even more heroic to their fanbase... When in actuality its just clever pr posturing.
And inspite of Nintendo's cheaper price, they won't be losing money on the console due its lack of technology. So if they really wanted to be friends to the consumer, how about they take a loss on their console like everybody else
From the point of view of the program, is there much of a difference between PAL at 60 Hz and NTSC? I know Brazil uses 60 Hz PAL, and so does one of the Metroid Prime games.
Japan is almost on the other side of the world compared to the US, but is much closer to Europe/Great Britain.
Shipments from Japan to Redmond, Washington, have to cross the Pacific Ocean. Shipments from Japan to Europe have to either cross Russia, go around India and Africa, go around India and through the Red Sea (next to known terrorist state Sudan) and Suez Canal, or cross both the Pacific and the Atlantic.
There really wouldn't be any loss factor for Nintendo by allowing each console to freely download a couple of Nintendo's old first party games.
Unless somebody's contract specifies that he or she gets residuals from the sale of each copy of a given title.
What does it matter whether it goes over an ocean or over countries?
Ocean freight is cheaper than air freight. Thus, shipping costs are a function not of distance as the crow flies but of distance around land masses. A freighter can go straight from Japan to Washington; it would have to go around big land masses to get to England.
I don't understand why no one has mentioned the price of $229. The DS Lite is going to sell for $129 no? It's a nice in between number...
...and a cheaper price than expected may communicate the wrong message to potential buyers, that message being, "we are desperate and will try anything to stay competitive." Sometimes the lowest price is not the most desirable price for consumers, oddly enough. Sony is riding this wave right now and hoping it carries the PS3.
25000 yen is not equal to 225 euros.
:)
25000 yen is 175 euros.
Nintendo is not Sony
Please could someone correct this in the article?
80 CC D8 AF AE D3 AB 54 B7 2E CE 67 C7
Not fact at all.
By that same reasoning, the $599 PlayStation 3 would cost £599. A nearly 100% markup. But the PS3 is said to cost £425 in the UK - a still expensive, but a lesser 33% markup.
By the same 33% markup, a $200 Wii would cost £145 (so round it up to £150). That markup includes VAT. Yes, the UK gets screwed still, but much less than before. IF the US Wii is $200 and the UK Wii £150, the £40 difference is a mostly VAT and a little bit extra to the retailers.
Games Asylum Blog
I do recall the big concern during the N64 days about why Nintendo would choose to stick with cartridges. It could very well be the biggest part of why the market's dominance went from them to Sony, with Squaresoft moving away from the medium.
The reason was primarily due to the high cost of cartridge (which Nintendo used probably for maintaining exclusive control on their own discs for piracy and distribution reasons).
How has this changed now, in 2006? Optical was cool once, but tons and tons of flash is selling, more than ever before. No doubt that optical is cheaper, but with flash manufacturers aiming to sell flash cards for a few bucks in order to get out of the mindset of being reusable and simply being "buy and fill and buy again", will we ever see consoles return to using little memory cards?
I am thinking longer term, 10 years. Wont we have something like 16GB $5 flash cards? I am assuming also that little rom cards could be of equal cost. This may not be quite like 45GB HD/blu discs, but it is well within a similar scope. I would be that at least one engineer on the Wii raised his hand to ask this question when they were considering the media to use -- he may have gotten shot down relatively quickly, but I feel a general distaste brewing nowadays towards optical media. For size and power and cost (for the drive) reasons.
i believe the problem is not the price but the supply. they have initial plan of shiping around 6m units worldwide for the quarter. with that pricepoint, it will definitely be sold out. i am hoping they can get more units out as i also plan to get one.
Live your life each day as if it was your last.
Especially if Nintendo wants to bury Sony and Microsoft, they need to produce enough units early on to meet what is predicted (at least on slashdot) to be high demand. If I want a Wii at launch, looks like I'm going to be preordering it.
just some guy
Don't talk to me about large tax prices.
:p
We don't need a war to raise our Petrol prices, just some overly green policy
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Here are some of my predictions, some of the figures might be off I havent bothered looking too much:
- Wii will sell out at launch in every region. Two to three million units worldwide.*
- Nin will up production for christmas 06 and sell another three to four million units world wide.*
- After Christmas 07 they will have 17 million units sold and number one market share.
- Developers are not ready for the rush and there is a dry spell of titles come summer 06.
- Tons of great titles for Christmas 07..Wiiiiiiiiiieeeeeeeeeeeeeeeee
* If they launch worldwide in Oct-Nov
They has better launch in Europe before Christmas.....
Pablo
Opps, add one to every year, so Christmas 07 becomes Christmas 08
Actually I'm aware of that 360-GameCube comparison in Japan. I think of it as just another example of these companies persisting in their approaches -- MS's utter failure to crack the Japanese market is pretty telling this time around, as they seriously tried to address their failure with the original XBox.
(And yeah, the GC is the only one I own, and the Wii's the only one I'm even remotely considering this time around. Nintendo is the only one of these three companies that's even motivated by providing excellent games. It seems to be their primary motive, even. Which is amazing.)
"Fundamentalism" isn't about divine morality. It's about human authority.