NEWS: Nintendo To Reveal Wii Successor
Nintendo has announced that it will unveil the successor to its Wii console this summer.
The Japanese video games giant said it will reveal a playable model of the new console at a trade fair in Los Angeles in June before launching it next year.
The upcoming device will replace the Wii, which has sold 86 million units since its launch in 2006.
The announcement follows a performance report which revealed that the company saw a 66% annual drop in net profit to 77.6 billion yen (£572.4 million) for the year ending March 31.
Nintendo said annual sales slipped 29% to 1.014 trillion yen (£7.4 billion).
However, the company expects conditions to improve gradually over the next year.
It forecasts sales to rise 8.4% to 1.1 trillion yen (£8.1 billion) for the fiscal year through to March 2012 and expects earnings to increase 41.7% to 110 billion yen (£811 million).