Nintendo Wii price drop ahead of Wii U launch

Nintendo announced Monday that it is dropping the price of its Wii video game console in preparations for the holidays, and ahead of the launch of its new Wii U console.

The company is releasing a  new Wii bundle that will cost about $130, down from $150, and will include a black Wii console, Wii Sports and Wii Sports Resort. The package will be available in the U.S. by Oct. 28.

Nintendo unveils Wii U at E3

Nintendo recently announced a brand new console called the Wii U.

The video game console features a touch screen controller, called the GamePad, that can switch to become a handheld device. The Wii U supports 1080p high-definition displays and is backwards compatible with all Wii games.

The Wii U will launch with games like, "New Super Mario Bros. U," "Assassin's Creed III" and "Just Dance 4."

The Nintendo Wii was released in November 2006 for $250. It was widely considered a crossover success that attracted everyone from hardcore gamers to families. The Wii U will go on sale on Nov. 18 and will start at about $300. A "deluxe" version will sell for $350.

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