It’s a “excellent news, bad news” type of an afternoon in Super Mario land, as Nintendo’s announcement of a Wii successor has been followed up with the delivery of the corporate’s financial results for fiscal year 2010, which don’t make for happy reading. Nintendo’s net sales of $12.4 billion for the period ending on March 31st 2011 was 29 percent below it tallied during the former year , while its $825 million of net profit was also a staggering 66 percent less than it earned last year. The 3DS has sold well thus far, reaching 3.61 million transactions worldwide, however the Wii is all the way down to 15 million global sales, which marks a 25 percent contraction from its FY2009 total of 20 million. So the impetus for a hardware refresh of the Wii is obviously there, now it’s only a matter of expecting E3 to determine exactly how Nintendo plans to move about it.
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