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Wii U price and release date to be announced next year

Iwata confirms you'll have to wait until 2012 to find out more

Satoru Iwata has told investors that Nintendo will wait until next year to reveal the price and release date for Wii U.

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Iwata was responding to a question regarding the influence of the 3DS price-cut on Wii U when he said: "Since the Wii U we showed you at the E3 show in June was still in the development phase without very specific proposals on the software titles, we are going to announce the release date and the price next year when we are able to explain the specific proposals."

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Earlier, he voiced his concern that people may expect an early Wii U price-cut following the news that the price of 3DS is to be slashed.

"Our decision of the price markdown this time has a side effect that, at the launch of the Wii U, people may feel that the price might drop in the near future if they wait," said Nintendo's President.

"Nevertheless, we have decided to cut down the price of the Nintendo 3DS as we consider it as a necessary decision now. What we will be able to do to recover the consumers' trust before the launch of the Wii U is very important to us."

When do you think Wii U should be released and how much would you be prepared to pay for it?

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