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. 

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RE: They won.
By TheRealArdrid on 4/25/2011 11:50:38 AM , Rating: 1
And how many people are still playing their Wiis as opposed to allowing them to collect dust in a closet? If my wife is the typical Wii consumer, I'd say the vast majority of Wiis aren't being used.

RE: They won.
By LancerVI on 4/25/2011 12:10:37 PM , Rating: 3
First, I love that gamers have three consoles to choose from or to have all of them. I too am a PC gamer, though I have all the consoles. Having said that, I love the Wii's first party titles. Beyond that, the Wii has nothing and that's the problem.

There has been no significant third party developer support for the Wii. That's why it's collecting dust. Now yes, the Wii sold like gangbusters, but what good is that if it's sitting on a shelf collecting dust because there's nothing to play on it?

Won the war? If that's a win, that's what you call a Phyrric Victory. Because I am an early adopter and I won't be buying the next Nintendo console until I see significant 3rd party developer support.

RE: They won.
By Precan51 on 4/25/2011 12:23:05 PM , Rating: 2
I agree. All the consoles are in a league of their own. Certain games are only made for certain systems. But that's why I never bought the Wii. I'm an avid gamer and love options. Nintendo failed in that category for me.

I had all systems ever,with the exception of Sega Saturn and XBox360, and honestly think PS3 has a huuuge advantage over everyone. Yes there are always new upgrades and downloadable content, but it's way cheaper than buying another game when you can simply add more to THAT game!

And with all the 1st and 3rd party games to choose from why get any other system!

RE: They won.
By SPOOFE on 4/26/2011 1:10:52 AM , Rating: 2
And how many people are still playing their Wiis as opposed to allowing them to collect dust in a closet?

The attach rate for the Wii suggest almost none of them. I'm sorry your wife is an aberration.

RE: They won.
By robinthakur on 5/4/2011 12:34:52 PM , Rating: 2

RE: They won.
By Hiawa23 on 4/27/2011 10:29:01 AM , Rating: 2
And how many people are still playing their Wiis as opposed to allowing them to collect dust in a closet?

Great point, cause if it wasn't for my daughter, there really would be nothing on the Wii, that interested me other than Punchout. The console just never appealed to me especially when the Nintendo games that I usually like alot of them forced the motion controls on you, plus no universal online, & the Gamecube like graphical performance. The 360 & PS3 just appealed more to me & had the games, online structure, visual performance I wanted.

There is no doubt, Nintendo has been successful with the Wii, but I measure consoles based only on the fact that they have games I like or services, & the Wii has very little that interested me, so I am hoping the Wii2 is equal to or excceds the 360 & PS3 interms of performance, cause if it does & get some online similair to Xbox Live, I am sold.

"I f***ing cannot play Halo 2 multiplayer. I cannot do it." -- Bungie Technical Lead Chris Butcher
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