Video game systems reducing prices
As we reported in this week’s Toy Report, Nintendo has dropped the price of its Wii console by $50 to $200. Recently, both Sony Corp. and Microsoft Corp. reduced the price on their video game systems. The Wii is the top selling console worldwide, and now with the recent price cut, the Wii will be tied with Microsoft’s Xbox 360 Arcade as the cheapest. Both Microsoft’s Xbox 360 Elite and Sony’s basic PlayStation 3 cost approximately $300.