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Nintendo president Iwata talks minimum price for Wii U

7:15 PM on 06.06.2012 // Kyle MacGregor

[Update: Like Kotaku, we failed to notice that Bloomberg's report was from last year. As such, Iwata's quote about the potential price of the Wii U may not necessarily be accurate today. Nothing to see here!]

If your jaw dropped a bit when Nintendo wrapped up its E3 press conference this year without so much as a mention of a firm price or release date for the Wii U, you were far from alone. The move, or lack thereof, left more than a few people scratching their heads as they took in the deafening silence, wondering when exactly would have been a better time to announce something so significant.

Well, it seems as though the Nintendo president Satoru Iwata has decided to break the ice on the subject, at least somewhat, stating the obvious in telling Bloomberg that the Wii U will "likely be priced at more than 20,000 yen."

For reference, that number translates roughly to $200, so of course it's going to cost more than that. Though unsurprising, this number might give some credence to rumors that the console costs $180 to manufacture, making a $200 price point just barely profitable for the platform holder.

Nintendo Falls Amid Questions Whether New Console Can Repeat Wii's Success [Bloomberg via Kotaku]

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