Nintendo to launch new Wii in 2012
Nintendo said on Monday it would launch a successor to its aging Wii game console in 2012 as it struggles to win back users from rivals Microsoft and Sony and seeks to reverse a slump in profits.
The maker of the DS handheld game player, which is also facing competition from smartphone and tablet makers including Apple, said Monday it will demonstrate the Wii's replacement in Los Angeles on June 7 at the E3 game show.
Nintendo is looking to repeat past successes in the gaming market. The Wii took the industry by storm five years ago by offering motion-based gaming that appealed to a broad audience rather than just “core” video game fans.
Nintendo declined to provide further details on the Wii successor.
“We have decided that it is best to let people experience it for themselves at E3,'' Nintendo CEO Satoru Iwata, told a news conference.
“It will offer a new way of playing games within the home,'' said Iwata, a former game designer.
n another transition to new-generation hardware, Nintendo this year launched a glasses-free 3D-capable handheld games device, the 3DS, to fend off growing competition from other games companies, as well as makers of smartphones and tablets.
This time around, however, Nintendo will find it harder to sidestep its competitors and must also contend with a burgeoning smartphone market that didn't exist in 2006, said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management.
“Core users and game lovers will certainly buy it, but I think it will be hard to capture buyers outside of that group,'' he said.
Nintendo said Monday that it expects profits to remain almost flat in the current financial year, despite the launch of its much-touted 3D-capable handheld games device, whose sales in Japan have been overshadowed by the devastating March 11 earthquake.
In March, Microsoft said it had sold more than 10 million Kinect motion-sensing game system units worldwide in just over four months, making it the fastest-selling consumer device on record. The infrared camera add-on for the Xbox game console tracks body gestures for video games. Sony's rival motion sensing device is dubbed Move.
On Monday, the company revealed quarterly profit of just 12 billion yen, down from 59.9 billion yen a year earlier, as it slashed prices and the strong yen hurt the value of its sales abroad. Having sold 86 million units of the Wii since its launch in 2006, sales last business year slipped by a quarter to 15 million. Reuters
Follow Emirates 24|7 on Google News.