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New Wii successor to be displayed at the E3 Expo this June

Nintendo announced today that it will be releasing a successor to the Wii system, and it will be on display at the E3 Expo in June.

The Nintendo Wii is a home video console that features a wireless controller called the Wii Remote, which can detect movement in three dimensions. This form of gaming revolutionized how consumers interacted with video games by allowing users to move along with characters on the screen. The Wii launched in November 2006, and broke the record for best-selling console in a single month in December 2009. 

But that isn't the case anymore. Nintendo has had to compete with other consoles like the PlayStation 3 and Xbox 360 from the start, but since the Wii's release, Sony and Microsoft have released motion-detecting accessories of their own. In September 2010, Sony launched the PlayStation Move for PS3, and in November 2010, Microsoft launched the Kinect for Xbox 360. Both feature motion-sensing game controllers and webcams much like the Wii. 

In addition to increased competition, the strength of the yen has affected Nintendo's profits as well. According to reports, Nintendo has "large cash deposits and other assets in foreign countries," and when these deposits and assets are converted to yen for net figures, Nintendo loses a lot of money because the yen is so strong while other foreign currency remains weak.  

In October 2010, Nintendo reported a $24.7 million net loss. Now, the video game giant is reporting a quarterly profit of 12 billion yen, or $146 million USD, which is not so great since Nintendo reported a profit of 59.9 billion yen last year. 

According to the consolidated results for the fiscal year ending March 31, 2010 and March 31, 2011, net income is down 66 percent for the quarter. The operating profit fell 52 percent from 356.8 billion yen to 171.1 billion yen.

But Nintendo is staying optimistic thanks to the recent launch of the Nintendo 3DS. In fact, the company expects to see an annual profit climb of 42 percent on the new gaming device. In its first week, Nintendo sold 400,000 3DS systems. 

"We are very satisfied with this start and we look forward to the momentum that we will build on Nintendo 3DS with the launch of the E-shop, the launch of the 3D trailers for Hollywood movies and the launch of 'The Legend of Zelda: Ocarina in Time' in mid June as well as the launch of Netflix later on in the summer," said Reggie Fils-Aime, Nintendo of America president. 

Now, Nintendo has even more to look forward to with a Wii successor due to launch in 2012. 

"As for the details of exactly what it will be, we have decided that it is best to let people experience it for themselves at E3," said Satoru Iwata, Nintendo CEO. "So I won't talk about specific details today, but it will offer a new way of playing games within the home."

The Wii's successor will be available on display at the E3 Expo in Los Angeles, California from June 7-9. 

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RE: So its a overclocked.....
By therealnickdanger on 4/25/2011 11:02:56 AM , Rating: 3

That's really all people will get anyway:

Mario Galaxy HD
Mario Kart HD
Legend of Zelda HD
Donkey Kong HD
New New Super Mario Brothers Wii HD
Wii HD Sports

Need I continue?

I'd honestly be happy with a simple backward compatible 1080p Wii... but then my video processor does a pretty great job at upconverting anyway. Either way, it's just going to be the same games in higher resolution. I wish Nintendo would just throw in the towel like SEGA and release all their games on PSN and XBLA.

RE: So its a overclocked.....
By MrTeal on 4/25/2011 11:27:03 AM , Rating: 2
I'd hope not, but we'll see I guess.

If they did continue with their current business model, it would be interesting and more in line with computer upgrades than a standard console cycle, to be honest. A Wii 2 that slips into the $199 price slot and supports upconverting existing Wii/GC games would be pretty attractive, especially if it could pack HD5750 class graphics in that package.

Even if Nintendo can't quite get there, I would hope that the Wii2 would at least have somewhat more powerful hardware than the PS3/XBOX360. Given that replacements for those consoles are at least a couple years out, it would give Nintendo a window of opportunity.

RE: So its a overclocked.....
By Shadowmaster625 on 4/25/2011 11:41:27 AM , Rating: 2
Yeah well what are the top 10 xbox games? Call of Duty 7853?
Left 91 Dead 3865? Devil May Cry 6000? Batman 8 million? Halo 62000? Are you trying to suggest it is nintendo who is unoriginal?

RE: So its a overclocked.....
By TheRealArdrid on 4/25/2011 11:54:14 AM , Rating: 3
Considering they've been milking the same franchises for the last 25 years, and have whored out Mario for everything under the sun, yes, I would say they've become somewhat unoriginal. Note, nowhere in my response did I imply other developers haven't been as well.

RE: So its a overclocked.....
By SPOOFE on 4/26/2011 1:38:23 AM , Rating: 2
Considering they've been milking the same franchises for the last 25 years

Milking the same franchse =/= Milking the same game.

Name two consecutive widely-released Mario games that shared identical game mechanics.

RE: So its a overclocked.....
By omnicronx on 4/25/2011 11:59:18 AM , Rating: 4
Those are not casual games. It has been shown non casual gamers will invest money over and over again in the same titles, not so much with casual gamers.

The entire 'gameplay over graphics' mentality is what made the wii so great. I just can't understand this mentality that the masses will go out and upgrade their hardware to play many games they can already play when graphics most likely was of little concern in the first place.

I could care less that the Wii sports characters had balloon heads and looked like cartoon characters. I played it because it was fun, not for the eye candy.

By therealnickdanger on 4/25/2011 1:30:39 PM , Rating: 3
Exactly, that's why I don't think Nintendo is going to change their game at all with the next console. It will be modestly powerful - at least supporting 720p over HDMI. Simply due to it being 5 years newer than the 360/PS3, it will likely be more powerful that both of them, but only until the PS4/Xbox3 come out. Nintendo has a proven formula for minimal expense and maximum profit: low-to-moderate processing power hardware, then remake and resell the entire game library with a new coat of paint.

I'm not a hater, just telling it how it is - I've owned every Nintendo console to date and will eventually buy the next one.

By RussianSensation on 4/25/2011 6:02:46 PM , Rating: 2
Nintendo will support HD1080P for sure. The rumoured graphics processor will be a derivative of HD48xx series. If it's anywhere near an HD4870, that's 4-5x faster than the 7950GT GPU in the PS3 (and the PS3 GPU has half the memory bandwidth of the PC desktop version making it even slower than the 7900GS on the PC).

HD4870 (Wii2) vs. 7900GS (PS3)

If Nintend is able to beat PS4/Xbox720 by full 2 years, it will have a huge headstart. It will have the best console graphics for at least some time if it launches around April 2012. Nintendo needs to change their online gaming community support and get 3rd party developers. If it accomplishes these 2 aspects, it will make PS3 and Xbox360 obsolete. The problem is PS4 and Xbox720 will bring even more powerful hardware circa 2014. Therefore, Nintendo has to innovate once again and not focus on graphics so much. It's a big risk, but they have to take it.

"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
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