Today, Nintendo officially released a presentation of its third quarter financial results. In the notes section of the presentation, Nintendo CEO Satoru Iwata address the suggestions that the WiiU needs a price drop. His reply was:

With Wii U, we have taken a rather resolute stance in pricing it below its manufacturing cost, so we are not planning to perform a markdown. I would like to make this point absolutely clear.

Nintendo believes that the reason for the soft sales have been a failure of the public to realize the value of the system. They intend on trying to convey that value before the software library gets “enhanced”.

So how you do you feel about this? Is the WiiU incorrectly priced?

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Joe Marchese is the founder / Editor in Chief of New Gamer Nation. He has been a gamer for his whole life but has been focusing on his passion to deliver the industry's new to New Gamer Nation. He is an expert of video game culture and has been featured on Fox News Online. Don't be shy to reach out and let him know what you think!