Nintendo chief rules out price cuts for Wii U

Nintendo Co. President Satoru Iwata speaks during a news conference in Tokyo, Thursday, Jan. 31, 2013. Iwata said the Japanese video-game maker will get back into operating profitability next fiscal year at more than 100 billion yen ($1 billion), and is ruling out price cuts for the new Wii U home console to boost sales. (AP Photo/Koji Sasahara)TOKYO (AP) — Nintendo's president Thursday ruled out price cuts for its new Wii U home console as a way to boost sales, vowing to become profitable again in its core businesses as smartphones and tablets increasingly threaten specialized game machines.

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Nintendo chief rules out price cuts for Wii U

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