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  (Source: gawker.com)
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: They won.
By omnicronx on 4/25/2011 11:49:18 AM , Rating: 3
I disagree with most of your statements.

The mere fact that they have chosen to release a new console already shows me that the Wii is on the decline.

It has surely been a surprise and was without a doubt the market leader up until a year or so ago, but the fact remains sales have dropped and all other consoles now have similar functionality that made the wii so great.

I also vastly doubt that the masses are going to upgrade to a new console with better graphics considering that was not the main draw in the first place. The motion controls were clearly the draw, and it showed us that gameplay over graphics matters.

I also no longer feel the Wii will be the clear winner. For all intents and purposes this is a new console (which will be competing against new consoles when they come out because of the early release cycle), both the Xbox and PS3 will remain on the market for the next few years and have always had a higher attach rate for games.

I.E the entire lifespan of the console is what matters, not the merely the start or finish. My gut feeling is all consoles will be very close when all the dust settles.

FYI... I'm one of many proud Wii owners whose console is currently collecting dust..


RE: They won.
By LRonaldHubbs on 4/25/2011 7:18:07 PM , Rating: 2
quote:
The mere fact that they have chosen to release a new console already shows me that the Wii is on the decline.

Keep in mind that a release next year means that it's been in development for a least a couple years already. That means they started working on it when the Wii sales numbers were still very solid.

Although this article didn't mention any specs, here is one that does:
http://www.pcmag.com/article2/0,2817,2384014,00.as...


RE: They won.
By Noliving on 4/25/2011 9:43:17 PM , Rating: 2
Actually the Wii has had a slightly higher game attachment rate than the ps3 if I'm not mistaken. It has always been the xbox 360 that has the attachment rate crown.


RE: They won.
By SPOOFE on 4/26/2011 1:05:46 AM , Rating: 2
quote:
the entire lifespan of the console is what matters

I disagree entirely. If a console is on the market for three years before being replaced, but has fun games that sell like hotcakes and makes a lot of money, it's successful.

Microsoft and Sony need their products to have legs to make back as much money as possible; this is a downside of their subsidized gaming approach. It is neither "superior" or "inferior", it is just a result of different business models. Nintendo chose a different route and it obviously paid off. That different route also inherently involves a shorter lifespan of their console... mitigated entirely by the fact that they didn't sell at a loss early in their release.


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