Nintendo fans who haven’t yet splurged on a 3DS rejoice (current owners too)! Today, the company announced that it will drop the price of the console from $249 to $169 beginning August 12th in the US. Current owners won’t be left out to dry, as Nintendo states that they will receive 20 free virtual console games. In related news, continue reading to see some cool 3DS concepts.

While pressure from the upcoming Vita is surely playing a part, Nintendo plans to sell 16 million 3DS units in the financial year, but still slashed its financial projections for the year from Y110 billion to just Y20 billion.

[via Engadget – image via]