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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 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.

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