Nintendo 3DS System to Launch in February

Nintendo 3DS System to Launch in February

Published : Wednesday, 29 Sep 2010, 8:50 AM ED By Daisuke Wakabayashi

(MarketWatch) – Nintendo said Wednesday it will launch its new 3DS handheld video game system in February, damping speculation that it would launch the product in time for the year-end holiday shopping season.

The 3DS, which is the successor to Nintendo’s DS portable game system, plays 3D games without the need for special glasses. The system will go on sale in Japan on Feb. 26 for about $299, Nintendo said. The 3DS will then go on sale in the U.S. and Europe in March, the company said, but it did not reveal an exact price for those markets.

Company president Satoru Iwata, speaking at a press conference, did not provide a reason for the timing of the launch.

Nintendo previously said it planned to debut the product by the end of March 2011, but many in the industry speculated that the company would roll out the 3DS this year to compete in an increasingly crowded market for new video game products. The holiday shopping season is crucial for the industry since it accounts for a large chunk of its annual sales.

Nintendo on Wednesday also cut its profit and sales expectations for the fiscal year ended in March 2011. The company expects revenue of 1.1 trillion yen for the fiscal year, down from a prior forecast of 1.4 trillion yen. It also sees net profit of 90 billion yen, below the original forecast for a net profit of 200 billion yen.

Microsoft plans to debut its Kinect motion-sensor gaming accessory for its Xbox 360 console in November, while Sony began sales of its PlayStation Move motion control device earlier this month.

Source: MarketWatch