Wii sales slowing down, no price-cut planned

Nintendo president Satoru Iwata was recently quoted as saying “The Wii is in the most unhealthy condition since it hit the Japanese market” after the announcement that the PS3 outsold the Wii for the first time in 14 months. He then went on to say, “The current condition in the Japanese market is not the one we want.”
So that means a price-cut would be in line, correct? Nope, when questioned about a price-cut Iwata responded with “A price cut in a difficult economy cannot really excite the market and drive up sales. As of now I really don’t think that a price cut is a good option for us.”
Could this be the end of the Wii dynasty? Or perhaps Japanese consumers are awaiting titles like Wii Sports Resort. Whatever the case, I’m sure Nintendo could wait it out considering the success of their recently launched Nintendo DSi console.
Read (ABS-CBN News)