Wednesday 25 April 2018

Game on Nintendo announces Wii 2 release

The new Nintendo 3DS as shown off by Natsumi Miyasaka (9)
The new Nintendo 3DS as shown off by Natsumi Miyasaka (9)

NINTENDO, the world's biggest maker of video-game consoles, will sell a new version of its best-selling Wii model next year after profit fell to a seven- year low, on competition with Sony and Microsoft.

Net income slumped 66pc to $946m (€649m) in the year ended in March, the Kyoto-based company said yesterday.

The earnings, Nintendo's forecast for a 42pc jump in profit this fiscal year and predictions for operating profit and sales, all lagged behind analysts' estimates.

President Satoru Iwata, facing mounting competition from Sony's PlayStation 3 and Microsoft's Xbox 360, needs the second-generation Wii to rekindle the success of its top-selling console, which was introduced in 2006.

That will be the second major product in a year from Nintendo, which in February began sales of the 3DS model shown off by Natsumi Miyasaka (9), left. (Bloomberg)

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business