Nintendo has confirmed today what has been rumoured for several weeks now, that it would launch a successor to its Wii game console in 2012.

The new console, whose name is still under wraps, will be on display at the E3 game show in Los Angeles on June 7 at the E3 game show.

While no details have yet to be announced, the rumour fumed blogoshpere is predictably saying the machine will possess high-definition graphics and a more powerful computing engine.

Slumping Wii sales, down 20% in each of the past two fiscal years, is the primary reason for the upgrade. The Wii will be almost six years old, an eternity in computing terms, when the successor system shows up on retail shelves.

Since it was first released in November of 2006, Nintendo has sold more than 86 million Wii units. By comparison, the PlayStation 3 and Xbox 360 have each sold about 50 million units over their life spans.

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