Wii sales “have picked up nicely,” analyst says

In the few days following the Wii’s $50 price cut, the system has seen a healthy increase in sales, according to Sterne Agee analyst Arvind Bhatia.

“Not surprisingly, Wii Hardware sales have picked up nicely since the price cut,” he says. “Although it’s only been a couple of days since the $50 price cut on Wii went into effect on Sunday, September 27th, the early feedback suggests a nice pickup in sales. That said, we don’t anticipate Wii hardware sales picking up à la the PS3.”

At the same time, EEDAR analyst Jesse Divnich expects the Wii’s sales to get a 40% boost in October.

So it may not be as major as the bump the PS3 got with its price cut, but Nintendo should be pleased nonetheless.