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Confirmed: Wii U release date and price to be announced Thursday

Tune in at 8am UK time

Nintendo will reveal the RRP and release date for its next generation console at a special press event on Thursday, the company has confirmed.

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A special Wi U webcast on the official Nintendo Direct page will kick off at 8am UK time and at 9am in central Europe.

CVG will be covering the event with a comprehensive live blog as well as publishing all the key news announcements.

A European Wii U Nintendo Direct event taking place tomorrow afternoon will have Nintendo of Europe president Satoru Shibata "take a closer look at the upcoming Wii U console".

It's understood the dual-events will reveal both the Wii U release date and launch price, with CVG sources pointing to an early December Wii U UK release date, with the North American launch likely to occur in late November.

The event takes place just hours after Apple reveals the iPhone 5, the latest edition in a product line that is said to be cannibalising the sales of handhelds such as the Nintendo 3DS.

The Wii U price mystery

Previously key industry figures have indicated that Nintendo sees a sub-$300 (£190) price point as crucial for Wii U to succeed in North America, and NoA president Reggie Fils-Aime has said on record that he expects consumers to be "pleasantly surprised" by Wii U's launch price.

The manufacture of the Wii U's complex controller, which features a 6.2 inch touchscreen, camera, motion-sensing and NFC technologies, is seen as the main stumbling block in terms of pricing.

Speaking at this year's E3 in June, Fils-Aime said: "Nintendo believes in being a mass market product, so unlike our competitors when they've launched historical systems to maybe start at a really high price and work their way down, we don't believe in that.

"We want to launch at a price that's going to represent an ongoing great value. If you look at the Wii, we stayed at $250 for a really long time, so we're going to give that same level of thought to Wii U."

[ SOURCE: ONM ]

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