Nintendo executives blame the slow sales of its premiere product for 3 years of financial losses.
Nintendo is cutting the price of its Wii U video-game system as it braces for the fall release of new, competing consoles from Sony and Microsoft.
Sony is poised to unveil the next PlayStation game console on Feb. 20, giving them a bit of a head start over Redmond based Microsoft’s expected announcement of an Xbox 360 successor in June.
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