A Kotaku tipster spotted a Toys R Us ad that indicates the Wii will finally be cutting its price to $199 the last week of September after sticking at $249 for its first three years.

The cut is an antidote to the Wii’s slumping sales. Game Informer quoted Wedbrush Morgan analyst Michael Pachter, who says it will be tough to stem the console’s downward sales spiral:

Wedbush Morgan analyst Michael Pachter, never too timid to share his
opinion, says, “With the core PS3 and Xbox 360 models priced only USD 50 higher than the Wii, we expect year-over-year sales of Wii hardware to continue their annual declines until the company either changes its bundle or lowers price … Wii unit sales are 50 percent below last year’s level over the last five months, and we think that September sales will repeat the pattern.”

Is the price cut enough for those of you with Wii envy to jump into the crowded pool?

Toys R Us Ad Points to Wii Price Drop This Month [Kotaku]
(Photo: Listener42)

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.