Print 54 comment(s) - last by robinthakur.. on May 4 at 12:34 PM

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. 

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: They won.
By Chaser on 4/25/2011 11:18:25 AM , Rating: 1
Timex watch sales numbers "blow" the doors off Rolex's sales numbers also.

And where are most of those Wii's now? Collecting dust in a closet as once too many family reunions went by. Most "unreal" gamers I know grew tired of them and placed them in their new home, the hallway closet.

Funny how both MS and PS3 new development and advertising continues strongly.

Point is we are fortunate to have three consoles, thus three significant choices for consumers. And um for those "real gamers" the PS3 in particular has evolved into a home media hub that none the others can fully compete against. Sony, despite the multitude of naysayers over the years, continues to aggressively provide new capabilities for the PS3 which the wonderful Wii could not even begin to come close to.

And just for the record I see a lot of Mustangs on my daily morning commutes. While I grin in my convertible M3.

Choices. Gotta love it :)

RE: They won.
By Motoman on 4/25/11, Rating: 0
RE: They won.
By euler007 on 4/25/2011 11:38:42 AM , Rating: 2
The only thing worth watching right now is you totally losing the argument...

RE: They won.
By FDisk City on 4/25/2011 1:17:39 PM , Rating: 5
While I grin in my convertible M3.

So... you're a girl?

RE: They won.
By RussianSensation on 4/25/2011 6:04:12 PM , Rating: 2
If driving a convertible M3 with 420 hp makes a car enthusiast a "girl", you must be rocking a Corvetter ZR1 or a Porsche 911 GT3 at the very least, am I right?

"If you mod me down, I will become more insightful than you can possibly imagine." -- Slashdot
Related Articles
Wii Price Cut to $150?
April 13, 2011, 9:49 AM
Nintendo 3DS Launch Date/Price Confirmed
January 19, 2011, 7:18 PM
Nintendo Reports $24.7M Net Loss
October 28, 2010, 9:41 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki