Thursday, August 25, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Uses Artificial Intelligence To Compress Images
Researchers Make Wi-fi Networks Faster And Stronger
Apple Weighs iPhone Video Editing App
Mozilla is Fighting To Reform The EU Copyright Law
Samsung Forms Alliance To Promote Curved Display Technology In China
AMD Increased GPU Market Share in Q2 2016
Chinese Firm Unveils 64-core CPU
PlayStation Now Coming to PC, DualShock 4 USB Wireless Adaptor Unveiled
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Optical Storage > Nintend...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, October 03, 2003
Nintendo cuts GameCube price in European market


Nintendo slashed prices in Europe for its GameCube video game console by up to 50 percent, to revive slumping sales of the market-trailing device. From October 10, GameCube will carry a suggested retail price of $132.10 in Britain and $115.80 in continental Europe, the Japanese video game maker said in a statement.

The move follows price reductions in the United States last week and a 29 percent price cut for Japan earlier Friday.

Analysts said video game publishers and retailers had been piling pressure on Nintendo to lower prices as demand remained weak and inventory backed up in the approach to the crucial Christmas season.

GameCube trails market leader Sony PlayStation 2 by a wide margin and is losing ground to Microsoft's Xbox, analysts said.

According to market research firm ScreenDigest, Nintendo had an installed base of 1.6 million units compared to Xbox's 2.3 million in Europe, the Middle East, Africa and Australia.

Sony recently announced PlayStation 2 had a total installed base of 15.6 million for the same region.

Launched across Europe in May, 2002, GameCube has failed to maintain its early sales levels. According to ScreenDigest, Nintendo sold 550,000 units in May and June of 2002, but just 357,000 in the first six months of 2003.

"The problem in this business is you get into a self-fulfilling cycle. When hardware sales start to underperform, games sales start to underperform and game publishers start to withdraw support," said Ben Keen, executive director at ScreenDigest.

Last week, Nintendo cut GameCube price in the U.S. to $99. It dropped the price in Japan to $126.30.

Earlier this week, Sony cut the PlayStation 2 price tag in the UK to 139 pounds from 159 pounds.

David Gosen, managing director for sales and marketing at Nintendo Europe, told Reuters Friday the company had budgeted to spend 15 million euros to advertise the console across Europe this Christmas.

Nintendo Thursday said it sold 61,000 GameCubes in the United States -- four times the weekly average -- since the September 24 cut to $99.


Previous
Next
Lite-On IT posts September revenues        All News        Lite-On IT posts September revenues
Lite-On IT posts September revenues     Optical Storage News      Lite-On IT posts September revenues

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
Niantic To Ban Pokemon GO Cheaters
Niantic Is Seeking For Tie ups For Pokemon Go
Nintendo Reports First-quarter Loss
Nintendo Downplays Pokemon GO's Earnings Impact
T-Mobile Offers Free Pokemon Data
Nintendo Resurrects the NES With The Release Of The Nintendo Classic Mini
Pokemon Go Arrives in the UK
Niantic, Google To Fix Security Issues In Pokemon App
Nintendo Remains Sceptical About The VR Engagement Of NX
Nintendo Treehouse: Live at E3 Highlights Upcoming Wii U and Nintendo 3DS Releases
Nintendo The Legend of Zelda: Breath of the Wild Game Coming in 2017 On Nintendo NX Entertainment System
Nintendo NX To Have VR Support

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .