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(Image from article: "Nintendo unveils Wii U system")

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Nintendo Slashes Profit Outlook

Nintendo slashed its full-year profit outlook by 70%, weighed down by weaker-than-expected demand for its 3DS handheld game machine, the strong yen, and manufacturing costs.

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Nintendo unveils Wii U system

Nintendo is taking the idea of the "second screen" to a new level. The company on Tuesday showed off a prototype gaming system called Wii U, which consists of a smartphone-like remote control that works with its existing Wii gaming system to let gamers play on two screens at the same time.

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