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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 MrBlastman on 4/25/2011 12:10:17 PM , Rating: 3
Nintendo makes good software, too. They have a long line of platform-specific titles that continually are full of quality and entertainment where you're practically guaranteed to get your dollars worth (Zelda, Metroid, Mario, etc.).

I tip my hat at them for pushing so many units out their doors with "inferior hardware" to their competition.

I do feel though, they have failed in the 3rd-party software arena and I sadly think Nintendo still suffers from the unsightly glut of "licensed" property based on movies, shows, cartoons and whatever and these numbingly boring titles still litter the Nintendo catalog.

I also worry about the 3DS. Has anyone here used one yet? I stopped by a local Target last week and gave one on display a whirl and played some Pilotwings for about ten minutes at most. When I walked away, my eyes hurt for about an hour--they hurt bad, actually. I can see why there are warnings on it now for kids under the age of six, but still, if you aren't careful it can cause tremendous eye strain. I think the technology is exciting due to the similarities to lenticular lenses (though slightly different), but I in no way expected it to be painful to play on.


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