It looks like $99.99 is the magic number!
MARKET SHARE FOR NINTENDO GAMECUBE DOUBLES FOLLOWING PRICE DROP TO $99.99
Sales of Nintendo GameCube Continue to Surge
REDMOND, Wash., Nov. 4, 2003 – In the video game industry, momentum has a new name: Nintendo GameCube™. In just 35 days of availability at a new manufacturer's suggested retail price of $99.99, Nintendo GameCube has more than quadrupled its sales rate and grabbed 18 points of market share from its two competitors.
Sales figures gathered from the nation's largest retailers show that Nintendo GameCube effectively doubled its market share to 37 percent from 19 percent. The system now runs a strong second in the U.S. market as it challenges for leadership during the important holiday sales season.
"In a tough economy, we've found the sweet spot on pricing, and players are grabbing Nintendo GameCube systems off the shelves at the fastest rate since the console's debut," says George Harrison, senior vice president of marketing and corporate communications, Nintendo of America. "With an $80 price advantage over other systems and the impending launch of the mega-hit Mario Kart: Double Dash!!, this offer is just too good to resist."
Harrison announced the dramatic sales figures today during Harris Nesbitt Gerard's Playtime 2003 Investor Conference in New York. Nintendo has been on a roll on a number of fronts and the statistics bear this out.
When combined with the Game Boy® Advance SP, Nintendo is responsible for half of all system sales to date in 2003. In addition, Nintendo game systems are the only ones to show a year-to-date increase in sales compared with 2002. Game Boy Advance sales are up 25 percent from 2002, while Nintendo GameCube sales are 2 percent above last year. In contrast, sales for Microsoft's Xbox dropped 3 percent and Sony's PlayStation 2 dropped 17.5 percent.*
To keep the momentum going, Nintendo's holiday lineup includes a strong series of games, including Mario Kart®: Double Dash!!™, the season's expected monster seller. Mario Kart: Double Dash!! raises the bar for competitive game play by letting players choose their karts and two characters – one to drive, one to toss weapons or swipe them from other players. The pair can even switch places during the race to maximize strategy. The game is Rated E for Everyone and will be available Nov. 17 at an MSRP of $49.99.
With its amazing graphics and realistic depiction of wild weather conditions, the new 1080°™: Avalanche snowboarding game will be a big hit, while Mario Party® 5 builds on a successful franchise to bring family fun to an electronic version of classic board games. Both games are Rated E for Everyone and will be available at an MSRP of $49.99. Mario Party 5 launches Nov. 11, while 1080°: Avalanche will be available Dec. 1. More than 320 games for the Nintendo GameCube and 550 games for the Game Boy Advance will be available by the end of the year.