Nintendo President: Wii U Price Is Not The Problem

Wii U’s lackluster sales are only getting worse with time. In fact, Nintendo’s supposedly-next-gen console has sold no more than 160,000 units worldwide from April to June 2013. Some investors believe that this calls for a price cut, but company president Satoru Iwata doesn’t agree.

According to Iwata, the more expensive premium version of the console is outselling the basic one. If Wii U was overpriced, "the Basic version should have sold a lot, but the fact of the matter is that people are buying more of the Premium version," he argued. "So the issue is not there."

Instead, Iwata believes that Wii U suffers from the lack of software. "The only solution is to provide the mass-market with a number of quality software titles," he admitted.

Wii U basic version retails for $300 while the premium version retails for $350. For comparison, PlayStation 4 will retail for $399 and Xbox One will retail for $499.

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