When both Sony and Microsoft are slashing prices and introducing new, cheaper SKUs, some thought Nintendo might do the same. Unfortunately for them, Nintendo isn’t slashing prices on the Wii anytime soon. Speaking to AP, Nintendo’s Satoru Iwata flat out denied any price cuts, saying “We’re absolutely not considering a price cut.” There you have it.

The Wii is still at $250, but now faces a challenge from the Xbox 360 Arcade, which sells at $280. With cheaper manufacturing next year, Microsoft will most likely lower the price of the Arcade to under $250, to which Nintendo will have to respond. At that time (in a year, at least) they would have sold some 20 million Wiis, so it wouldn’t be that big of a deal for them to go under $250, perhaps even at $199.