Nintendo: Wii Will Sell for Under $250

While still remaining vague on specifics, Nintendo disclosed Thursday that the new Wii video game system would retail for less than $250, and reaffirmed a fourth quarter launch. The company expects to sell six million consoles by the end of March 2007.

Nintendo expects to sell as many as 17 million Wii games during the same period, or about three games per console sold. Further details on a launch date and titles would be forthcoming, the company said. The launch of the Wii, as well as the continued success of the Nintendo DS system is expected to contribute to an 18 percent growth rate for the company in the current fiscal year.