Holiday In Wales UPDATE: October 14, 2005 @ 6:54 Central
Nintendo of Japan has made the decision to allow "open pricing" in Japan. "Open pricing" means that the restrictions on the retail price of the GameCube have been loosened, allowing merchants to drop their prices as they see fit. In May, Sony utilized "open pricing" to help PS2 sales in Japan.
ORIGINAL STORY
Most in the industry have understood that the Nintendo GameCube console's lifecycle is almost at an end. Nintendo themselves nearly admitted as much during a financial report earlier this month when they laid most of the blame for a reduction in revenues on the poor performance of their console. Nintendo's own Senior Managing Director Yoshihiro Mori went so far as to say, "It looks like the product's life is nearing its end."
Nintendo doesn't seem to want it to end quickly, however. They've already announced two new GameCube bundles with Mario Party 7 and Pokemon XD: Gale of Darkness, and reports indicate that they may go so far as to cut the price of the GameCube system by as much as 30 percent.
There has been no official price cut yet of course, but Nintendo has stated that the price of the GameCube console will become more "open" on October 27, meaning that there will be no official MSRP and greater flexibility will be given to the pricing of the system.
Advanced Media will have more on this latest information as it comes in, so be sure to stay tuned. *
On 26th April 2007 British Gas announced its second price cut of the year, effective immediately. The price cuts of 6% for gas and 3% for electricity apply to British Gas's standard and price guarantee plans. British Gas's Click 2 online plan was not affected by this price reduction.