No price cuts for Nintendo hardware in 08

Nintendo president Saturo Iwata has

told Reuters

that Nintendo is not planning on reducing the retail price of either Wii or DS this financial year.

Speaking after the company’s record financial results yesterday, Iwata said:

"Our earnings projection for the year is not based on hardware price cuts, and I don’t think we are going to need them.”

Yesterday’s results for the FY ended March 31st showed Nintendo had more than doubled its operating profit to a record 487.22 billion yen.