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Nintendo sets price limit on Wii
The three companies are battling for a share of a video games industry worth some $30bn (£16bn).
Cheaper machine
Nintendo unveiled its Wii console at the E3 games expo in Los Angeles earlier this year.
At the time, it did not reveal the cost of the machine, but analysts had expected it to be lower than its competitors.
At a news conference in Osaka, Nintendo senior managing director Yoshihiro Mori confirmed what many wanted to hear.
The price range set by Nintendo contrasts with the cost of Sony's new PlayStation 3, which is due to hit the shops in November.
A basic version of the console will cost $499 (£266), while a premium model will sell for $599 (£320).
The exact price in Britain has not been announced but the head of Sony Computer Entertainment in the UK has suggested it could be around £425.
Prices for Microsoft's Xbox 360, which went on sale last November, start at $299 (£209 in the UK).
Wii hopes
The Wii console is key to Nintendo's future success.
Story from BBC NEWS: http://news.bbc.co.uk/go/pr/fr/-/1/hi/technology/5016838.stm
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