Rumor has it that on September 13 Nintendo (NTDOY) will announce November 11th as the release date for the Wii U. According to the rumors, various models will be priced at $249.99, $299.99, and $349.99. Not known yet is what consumers will get at each price-level.
Kaptall investors should know better than to trade on rumors, but there is some value in them. The growth of mobile gaming on smartphone has taken a toll on gaming. Video game sales slid again in August, according to research firm NPD Group.