If you're thinking about buying the long-awaited Nintendo Wii U gaming system, you'd be wise to wait just a little longer. Bargain site DealNews has just issued a report advising people to hold off until December.
"In fact, the two weeks before Christmas is the best time to buy popular toys," Lou Carloza, a writer for DealNews said in a blog post. "It is likely, though that Wii U games will see discounts during this time as well."
However, don't expect any big price cuts. The Wii U will have continued appeal through the post-holiday season, making retailers reluctant to slash prices during the holiday rush, Carloza said. The console will come in two versions: a basic model with 8GB of storage for $300 and a 32GB model for $350.
Nintendo is expected to release 50 game titles from the launch on Nov. 18 through the end of March 2013, including a new version of Nintendo's classic "Super Mario Brothers," along with "Call of Duty: Black Ops 2," "Mass Effect III," "Assassin's Creed III" and "007 Legends." Two Platinum Games titles, "The Wonderful 101" and "Bayonetta 2," will be Wii U exclusives. Games will cost $60 apiece — $10 more than the current Wii's premium game releases in the past.
"Usually, the best console deals we see during Black Friday include bundled accessories or games — which is certainly a good way to get value from your $300+ purchase," Carloza said. Black Friday falls on November 23 this year, but expect retailers to open their doors as soon as most families have finished their pumpkin pie.
If you're not eyeing the Wii U as a holiday gift, you might do much better waiting until after the first of the year. It is possible that the Wii U could fall short of Nintendo's expectations.
In a survey conducted by DealNews, 64 percent of people who already owned a Wii said they were not likely to purchase the new console. Further, 75 percent of all current gamers said they were not going to purchase the Wii U. If that's the case, Nintendo could lower prices in 2013 as it did with its Nintendo 3DS . While the handheld 3D device sold well, it wasn't good enough for Nintendo, which cut the price from $250 to $170 after just five months.
If you don't own a Wii, the new Wii U is an especially enticing deal. No only is it a game console, it also streams Netflix, Hulu, Amazon and YouTube videos. Plus, it can be used as a handheld gaming device when the TV is in use. Not a bad deal — especially if you wait until the price is right.