So Nintendo has finally decided to release a new console, the Wii U. This juicy tidbit was released at a Nintendo press conference at the Electronic Entertainment Expo on June 7, 2011. The Wii U is due to be released on November 18, 2012 to North America. Europe and Australia will have a release on November 30, 2012 and Japan will have its release on December 8, 2012. According to Forbes Magazine, “Nintendo Wii U sales are to exceed its predecessors.” Forbes also goes on to state that “researchers estimate that global sales of the new console will reach 3.5 million by the end of December 2012.” This will make a great Christmas gift, but you have to act fast because it is already selling out at major retailers.Wii U

How much can you expect to spend on Nintendo’s new console? The Basic set—which is 8 GB—will be $299.99 and comes with the console, the GamePad, an HDMI cable, an AC adapter and a sensor bar. You can opt for the Deluxe set—which is 32 GB—which will be $349.99 and comes with everything the Basic set comes with plus a charging dock for the GamePad as well as a stand for both the GamePad and the console itself.

Wii U will be backwards compatible with Wii games. All Wii accessories will be compatible as well. This includes the balance board, controllers, and other Wii input devices. It features an IMB microprocessor and is very compact, measuring 1.8 inches tall by 6.8 inches wide and 10.5 inches long. You can connect via AV or HDMI. The Wii U also features a 16:9 touch screen, a camera, a microphone, speakers, a sensor strip, a stylus, a gyroscope and rumble features. The range on the GamePad is a whopping 25 feet. Batter life ranges from 3 to 5 hours and it has a charging station. You can’t plug it in via USB, but it has an AC adapter you can plug into the wall.

Another cool feature of the Wii U is that you can use it as a remote control. If you don’t want to control your TV, you can watch on the console. Some of the Wii U games will only be usable on the GamePad itself, however. One game example is New Super Mario Bros. U. Are you an MMO (mass multiplayer online) fan? Well you may want to check out Dragon Quest X, which is another game that you play on the GamePad.

NintendoLand has a collection of 12 mini games so you can try out different aspects of the Wii U. This is comparable to the Wii mini games on Wii Sports, which featured 5 sports games.

So how does this news affect the economy? As new consoles are released, the graphics inevitably increase. This has an effect on the technology field as a whole. Data and networking companies grow, increasing sales. Abhi Talwalkar, President and CEO of LSI Corp. states “You can’t recover from a downturn with a hollow pipeline of products in technology. The pipeline we have now is the richest we’ve ever had.”

Author Bio: Sam Peters is a blogger, freelance writer, casual genius and manager of theeducationupdate.com