Remember that case of Wal-Mart selling a Nintendo Wii for US$677? It’s not an isolated case at all. With the holiday rush, the Nintendo Wii shortage, and the Law of Supply and Demand alive and well, PriceGrabber reports that more retailers are selling the Nintendo Wii for an average of US$ 650. There’s another factor at work here, though, according to PriceGrabber’s survey.
Find out what it is after the jump!
Remember that case of Wal-Mart selling a Nintendo Wii for US$ 677? Well, Wal-Mart isn’t the only place where you can find an exorbitantly-priced Nintendo Wii. According to PriceGrabber, e-retailers are selling Nintendo Wiis for close to the same price: US$650.
Not surprising, considering the way the Law of Supply and Demand works. According to a survey that Price Grabber conducted on 3,309 online shoppers early during this month, PriceGrabber reportedly found out that “31% of online shoppers favor the Nintendo Wii” because of the kinds of games that the console offers.
Reggie Fils-Aime, president of Nintendo of America, has already made Nintendo’s stance clear regarding retailers who insist on creating Nintendo Wii bundles just to jack up prices and make a profit. Whether these retailers will heed Nintendo’s subtle warning remains to be seen.