Nintendo’s Iwata: ‘Drastic’ 3DS Price Cut Will Ignite Holiday Sales

Last week’s surprisingly drastic price drop for Nintendo’s 3DS will hurt the company in the short term, but the marketshare it will create will benefit the company in the long term, president Satoru Iwata told investors following the price cut. According to Iwata, reigniting excitement for a product once momentum has been lost is too great of a challenge for the company to take on. Rather than wait for the holiday season to announce a …

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