Nintendo is dropping the price of its latest handheld videogame system, the 3DS, to $169.99, as it has failed so far to match the sales power of its predecessors -- the DS, DS Lite and DSi.

The drop from the 3DS launch price of $249.99 will go into effect Aug. 12, Nintendo said.

Nintendo said that in the United States, it has sold more than 830,000 of the 3DS -- which does not require 3-D glasses -- since its March 27 launch.

Those who have already bought a 3DS might not be too happy about the price drop so soon, which is why Nintendo is planning to give them a bit of a thank you gift.

"These Nintendo 3DS owners represent some of Nintendo's most loyal customers, and Nintendo is rewarding them for getting in on the action early with 20 free downloadable games from the Nintendo eShop," Nintendo said.

But there's a bit of a hitch. The early adopters have to use "a wireless broadband Internet signal to connect to the Nintendo eShop at least once before 11:59 p.m. Eastern time on Aug. 11" to get the free games, which Nintendo is calling its "Nintendo 3DS Ambassador program." Half the free games will be available in September, the other half by the end of the year.

Full story: Los Angeles Times