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Wii U will have a "reasonable" price

Iwata talks up Nintendo returning to profitability this year

While a suggested retail price for the Wii U is still absent, Nintendo president Satoru Iwata told the Yomiuri Shimbun (translated via Andraisang) that the new system's price would be "reasonable." Iwata explained that Nintendo is not looking to repeat what happened when the 3DS launched at its original price of $250.

"We won't make the same mistake that we did with the 3DS, which was considered relatively high by consumers," said Iwata.

He also commented on the Nintendo's financial state, with the company posting its first loss ever this year. Even with ongoing problems due to the strength of the Japanese yen, Iwata believes Nintendo's problems have been fixed.

"We've fixed the 3DS profitability issue, and pledge to turn profitable by the end of this fiscal year," said Iwata.

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Mike Williams avatar
Mike Williams: M.H. Williams is new to the journalism game, but he's been a gamer since the NES first graced American shores. Third-person action-adventure games are his personal poison: Uncharted, Infamous, and Assassin's Creed just to name a few. If you see him around a convention, he's not hard to spot: Black guy, glasses, and a tie.
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