Nintendo president Satoru Iwata assured everyone looking forward to the Wii U launch that it won't be a repeat of the 3DS's high-priced launch debacle.

As we all remember, 3DS sales stalled at its original price point, with the system's fortunes only improving after a significant price drop in August 2011. Iwata told newspaper Yomiuri Shimbun:

We won't make the same mistake that we did with the 3DS, which was considered relatively high by consumers.

Of course this is no surprise — Iwata's hardly likely to say the opposite — and back in December 2011, Nintendo of America Reggie Fils-Aime said Nintendo doesn't want a 3DS price situation on Wii U. Until Nintendo announces the Wii U launch price in a few months' time we'll just have to sit tight.

Iwata also moved to assure investors Nintendo would return to profitability by the end of the financial year.