Nintendo 3DS coming in February, 2011

Nintendo has just announced its plans to release the highly anticipated 3DS portable gaming device in Japan on February 26 and in Europe, Australia and the United States next month in March. Nintendo President Satoru Iwata made the announcement at a Wednesday news conference in Chiba, Japan.

Nintendo which is battling a slump in sales for its video-game consoles is banking heavily on the 3DS which is the latest generation of the DS line of portables. The 3DS will let people play 3D games and view 3D content without the use of special 3D glasses.

Nintendo has been seeing sales plummet for its Wii video-game console and DS portables and has slashed its forecast for net profits by more than half and also slashed it sales forecast by 21% in the same announcement. The company is now expecting profits of 90 billion yen against its previous forecast of 200 billion yen.

With the launch of 3DS, Nintendo hopes to reverse this slump. The company is expecting to sell 4 million units and 15 million software titles in the very first month of the 3DS launch. Priced at around 25,000 yen roughly $298, the device creates the 3D illusion using a filter over its 3.5-inch display. The filter that sends slightly different images to the viewer’s right and left eye and can also work in 2D mode by moving a slider switch near the display.

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