Nintendo is the only current generation videogame console maker which has not dropped the price of their product since the launch.
Nintendo Wii remains the undisputed champion in terms of sales and it is still sold at the original price tag of USD 250.
This might soon change. The company is facing fresh competition in the form of much cheaper editions of both Microsoft Xbox 360 and Sony Playstation 3.
Industry sources claim that Nintendo is closing in on announcing a price cut on the Wii console.
The cut is likely to be of USD 50 to bring the price down to around USD 199.