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Harrison: No Wii price drop for now

Soon-to-be-ex Nintendo executive says scarce console will bear $249 tag for the "foreseeable future."

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With all three next-generation consoles in play, many are looking to this holiday season as a good indicator of the future of the console race. Looking to get a leg up on the competition, Microsoft and Sony have undergone much-publicized price jiggering and repackaging in recent months to help lure frugal shoppers to their console.

However, that won't be the case for Nintendo's Wii. Speaking to Reuters, Nintendo senior marketing VP George Harrison said that the Wii's price isn't budging, at least for now. "We'll stay at $249 for the foreseeable future. We are still selling everything we can make," he said. Of course, Harrison's "foreseeable future" may be skewed, given that the long-time exec announced last month that he would be parting ways with the Mighty N this December.

The news is unsurprising, considering statements made by Nintendo of America president and CEO Reggie Fils-Aime earlier this month. The outspoken exec noted that inventory for the Wii has been and still is selling out within a day of arriving at retail, and said that supply of the console will definitely not meet demand this holiday season.

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