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Nintendo cuts price of Wii for first time

  • Story Highlights
  • Price of Wii will drop 20 percent in U.S., Europe and Japan from Sunday
  • First price cut since the games console was released in November 2006
  • Discount comes amid competition from Microsoft's XBox and Sony's PS3
  • Nintendo is still market leader, 52M Wiis sold worldwide to the end of June
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