25 May 2006 16:32 GMT / By Amber Maitland
Nintendo has confirmed that the price of its Wii system will not exceed $250 when it's released later this year.
Industry analysts at Merrill Lynch predicted last week that Nintendo's Wii system could cost just $200, although in light of Nintendo's announcement that price could be a bit of an underestimation.
Nintendo also forecasts shipping 6 million systems to retailers world-wide and selling 17 million Wii games by 31 March 2007.
Cash-poor gamers are likely to greet the pricing announcement with some relief after the news that the 60GB PlayStation 3 will probably hit the shelves with a hefty
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