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Thursday, May 25, 2006
Nintendo Sets Price Limit on Wii

Japanese games giant Nintendo has confirmed that the price of its new Wii console will be much lower than its rivals.

Yoshihiro Mori, Nintendo's senior managing director, told a news conference in Osaka today that the new machine would not cost more than ?25,000 ($250).

The price range set by Nintendo contrasts with the cost of Sony's new PlayStation 3, which is due to hit the shops in November.

A basic version of the console will cost $499, while a premium model will sell for $599.

Prices for Microsoft's Xbox 360, which went on sale last November, start at $299. A basic version of the console will cost $499, while a premium model will sell for $599.

Nintendo, which expects to ship 6 million Wii consoles this year, is banking on the gadgets being a hit to boost its flagging performance.

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