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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: They won.
By nuarbnellaffej on 4/25/2011 4:40:13 PM , Rating: 3
Nintendo so totally blew the doors off Microsoft and Sony in this round it's not even funny...what is funny is the rabid "real gamerz" that still foam about how "stupid" the Wii is - despite, or probably because of, how wildly it outsold the 360 and PS3.

Okay genius, why hasn't that translated into a good selection of games?, i.e. more than the handful of first party games Nintendo puts out. Sure everyone and there brother own a Nintendo Wii, but how much time do you think people actually spend playing it, I mean in the looooooong stretches between big Nintendo releases?

I personally have a Wii, an Xbox 360, and a gaming PC. The 360 is only there to play good games that are exclusive to the system and not available on PC(such as sports titles), and the Wii is only there because I didn't know the vast majority of cross platform games would suck big time compared to the other versions.

RE: They won.
By Motoman on 4/25/2011 4:45:25 PM , Rating: 2
While I haven't counted, all I can say is that the Wii game section at the store appears to be roughly as big as the selection of games for the 360/PS3.

And on the other hand...apparently it wouldn't matter, because you don't think they're "good" games anyway. The Wii doesn't exist to play Halo or COD. So those aren't the kinds of games that are going to show up for it. If the never-any-different-from-the-last FPS game cycle is your thing, then the Wii is never going to have any "good" games as far as you're concerned.

...on the other hand, the runaway success of the Wii has clearly demonstrated that the largest segment in the market doesn't give a rat's ass about FPS games.

RE: They won.
By nuarbnellaffej on 4/25/2011 5:13:49 PM , Rating: 2
...on the other hand, the runaway success of the Wii has clearly demonstrated that the largest segment in the market doesn't give a rat's ass about FPS games.

Don't get me wrong I like FPS games, but I really enjoy grand strategy games the most, followed by role playing games, such as the Elder Scrolls series, I'm dying to play Skyrim!
While I haven't counted, all I can say is that the Wii game section at the store appears to be roughly as big as the selection of games for the 360/PS3.

Not even my friend Jake who is a hardcore Nintendo fan would dare suggest that the 'filler' titles that flesh out Wii sales racks are on average as good as their counterparts on other systems, the reason for this is that unless the game is designed from the ground up to use the motion controller, then chances are the games not going to be very good.

I've been gaming on PC for about eight years now, and have been playing consoles since ~1995, I've got to say it's been really, really painful to see the decline(consolization) of PC gaming. :'(

RE: They won.
By Motoman on 4/25/2011 5:45:42 PM , Rating: 2
Again, whether they're "good" or not is purely a matter of opinion. They are a much different genre of games than what is out there for the 360/PS3, but different isn't necessarily better or worse.

Also, there are lots of games that really can't be done well on consoles or other devices - particularly strategy games, whether turn-based or real time. Or, MMORPGs. Can you even think of trying to play Red Alert 3 or WoW on a console? Not a chance in hell.

...which is why, really, "hardcore" gaming is PC based as far as I'm concerned. Gamerz can sit on their mom's couch and play Halo all night long wearing their thumbs out...I got tired of playing Duke Nukem 3D and there's not really any difference between that and COD2 as far as I'm concerned. RPGs can be played on anything - including the Wii. Same for puzzle games, party games, etc. Really, the only thing the Wii doesn't do is FPS - that's the market that the 360/PS3 sell to. And since that's the smaller market, Nintendo doesn't want it.

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