In the rapidly progressing field of organometal halide perovskites, the dimensional reduction can open up new opportunities for device applications. Herein, taking the recently synthesized trimethylsulfonium lead triiodide (CH3)(3)SPbI3 perovskite as a representative example, first-principles calculations are carried out and the nanostructuring and device application of halide perovskite nanowires are studied. It is found that the 1D (CH3)(3)SPbI3 structure is structurally stable, and the electronic structures of higher-dimensional forms are robustly determined at the 1D level. Remarkably, due to the face-sharing [PbI6] octahedral atomic structure, the organic ligand-removed 1D PbI3 frameworks are also found to be stable. Moreover, the PbI3 columns avoid the Peierls distortion and assume a semimetallic character, contradicting the conventional assumption of semiconducting metal-halogen inorganic frameworks. Adopting the bundled nanowire junctions consisting of (CH3)(3)SPbI3 channels with sub-5 nm dimensions sandwiched between PbI3 electrodes, high current densities and large room-temperature negative differential resistance (NDR) are finally obtained. It will be emphasized that the NDR originates from the combination of the near-Ohmic character of PbI3-(CH3)(3)SPbI3 contacts and a novel NDR mechanism that involves the quantum-mechanical hybridization between channel and electrode states. This work demonstrates the great potential of low-dimensional hybrid perovskites toward advanced electronic devices beyond actively pursued photonic applications.