Nintendo Wii price drop ahead of Wii U launch

Nintendo Wii bundle.

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 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.