Nintendo: Wii U likely to cost more than $250

Nintendo boss Satoru Iwata has revealed that the Wii U is “likely” cost more than ¥20,000 ($250/£150).

He disclosed this information to The Nikkei Japanese newspaper, which was mentioned in a report by Bloomberg.

The Wii’s launch price was ¥25,000, $249.99, £179.99, and it’s interesting to know that Nintendo plans to price its successor higher than that.

However, it’s not clear how much is “higher than $250″ that we’re looking at. With the NGP priced very reasonably, Nintendo has a tough task on hand as far as pricing their latest console is concerned.

The Wii U was announced during Nintendo’s press conference last night, you can read about it here.