Nintendo unveils new DSi
Nintendo have introduced a new model of its best-selling DS handheld game player with camera and music- playing functions to widen its lead over Sony Corp.'s PlayStation Portable machines.
The Nintendo DSi will go on sale in Japan Nov. 1, priced at 18,900 yen €130), President Satoru Iwata said at a briefing in Tokyo today. Overseas sales begin next year, he said.
The third version of the DS is aimed at protecting Kyoto, Japan-based Nintendo's dominance in portable gaming as Sony adds new features to the PSP and Apple Inc. enters the market with iPods and iPhones that can play motion-sensing games. In August, Nintendo forecast it will sell 30.5 million handheld machines this fiscal year, twice as many as Sony's projected PSP sales.
Nintendo, also the maker of the Wii console, fell 3.1 percent to 39,750 yen as of 2:14 p.m. on the Tokyo Stock Exchange. The stock, which more than doubled in each of the past two years, has lost 41 percent in 2008, compared with a 51 percent drop for Sony shares.
The DSi is the first new version of the handheld player since Nintendo began selling the DS Lite, which retails for 16,800 yen, in March 2006.
In July, Nintendo said it had sold 77.5 million DS players since the first model was introduced in December 2004.
Sony plans to begin selling an upgraded version of the PSP in mid-October that has a built-in microphone and a screen that displays sharper images.
Nintendo in August raised its full-year profit forecast by 26 percent, citing higher-than-anticipated sales of DS and Wii players. (Bloomberg)