2nd October 2003, 3:24 PM
Quote:The GameCube price cut to $99.99 last week has created a boom in sales. So far it is working very well, and we have yet to get closer to the Holidays, when a lot of people hold off to get a game console. Nintendo says sales rates of GameCube have more than quadrupled since the price reduction.
"Clearly, this move is what game players desired, and also what our retail partners wanted," says George Harrison, senior vice president, marketing and corporate communications, Nintendo of America. "We're already receiving requests for additional shipments of Nintendo GameCube systems between now and the holidays."
"The price cut is working great!" stated Dan DeMatteo, president, GameStop Corp. "Our sales of Nintendo GameCube have increased more than fourfold. We are currently increasing our shipment requests for the system throughout the holidays."
The cut seems to be doing pretty good short term, but I doubt it will have much long term effect.
N-Philes
Sometimes you get the scorpion.