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Nintendo not cutting hardware prices

Iwata doesn't see the need.

Nintendo boss Satoru Iwata has said price cuts for Wii and DS are unlikely this year.

He was chatting about the recent financial papers in an analysts' meeting today, and said he felt no pressure to lower the cost of either piece of hardware to stay competitive.

"Our earnings projection for the year is not based on hardware price cuts, and I don't think we are going to need them," said Iwata.

Yesterday Nintendo told us the Wii has reached nearly 25 million worldwide sales, and the DS has thundered to over 70 million.

Sales for the company were up 73 percent across the financial year, while operating income was up 115.6 percent and profit up 47.7 percent.

The Wii currently retails for GBP 179.99.