Nintendo Wii U Rumored to Cost 24,000 Yen ($299)

The successor to Nintendo's wildly successful Wii console is reported to carry a price tag of 24,000 Yen or $299 in US Dollars.

According to our Japanese source, the source of this information stems from an unnamed Japanese development studio, and is in line with the technical specifications of the device. The price pertains to the entry-level unit with no extra attachments.

Whether the console is shipped with its OLED controller tablet is unknown. Nintendo is expected to take a loss from the sales of the device, should that be the case.

Our Japanese source suggests that Nintendo does not follow the current exchange rate and prefers to equate $1US to ¥100.