According to industry analyst Michael Pachter, along with the analyst firm with which he works, the Wii U’s price points “are appropriate given likely demand from Nintendo’s core fanbase, but believe that pricing will be too high to sustain demand given current competition from other consoles and tablets”. As a result:
We don’t expect a price cut until summer 2013, at the earliest, but do expect a cut prior to holiday 2013. Any prospective price cut will depend largely on competition, which we expect to materialize in the coming weeks.
Of course, this is Pachter we’re talking about. He guessed the reverse for the 3DS, figuring the handheld would sell well at a higher price, so this feels more like a random guess at this point.