Nintendo to launch new Wii in 2012 as profits ebb (Reuters)

Monday, April 25, 2011 1:01 AM

OSAKA, Nihon (Reuters) – Japan's Nintendo Co Ltd said Monday it module launch an upgraded help of its popular Wii mettlesome housing in 2012, in a effort to reverse a start in profits as income of the aging first version ebb.

Japan's leading mettlesome housing module unveil a prototype of the newborn Wii in Los Angeles on June 7 at the E3 mettlesome show, it said in a statement.

Nintendo posted its second straightforward start in period acquire on Monday, as income of Wii games housing slowed and the March 11 earthquake weighed on Asian consumer spending.

To fend of increased competition from another mettlesome housing makers such as Sony Corp. and makers of smartphones including Apple Inc. Nintendo needs newborn impact machines to win backwards gamers.

As conception of that fisticuffs back, Nintendo launched a glasses-free 3D-capable handheld games device, the 3DS, in New Feb in Nihon and a period after in the United States and Europe.

In the playing assemblage meet ended, Wii housing income lapse to 15.1 meg units from 20.1 meg a assemblage earlier. It expects income to start by a boost 2 meg units this playing year.

Sales of its non-3D handheld DS shrank by nearly 10 meg units to 17.5 million, and the consort expects that to slide to 11 meg this term.

Operating acquire lapse 52 proportionality to 171.1 1000000000 yearning ($2.09 billion) in the assemblage ended in March from 356.8 1000000000 yearning the preceding year, below a composer Reuters SmartEstimate of 200.8 1000000000 yen. SmartEstimates put more coefficient on recent forecasts by highly rated analysts.

The concern of the DS handheld games figure expects operative acquire of 175 1000000000 yearning for the assemblage to March 2012, compared with a consensus of 215.8 1000000000 yen, based on octad analysts polled by composer Reuters I/B/E/S after the March 11 disaster.

Nintendo shares winking up 0.9 proportionality aweigh of the earnings report, patch the broader mart lapse 0.1 percent.

($1 = 81.845 Asian Yen)

(Reporting by Isabel Reynolds; Editing by Edwina Gibbs)


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