The Japanese company says will show a "playable" model of the new console at the Electronic Entertainment Expo from June 7th to 9th in Los Angeles.

Nintendo Co. has sold 86 million Wiis since it launched in 2006. It caused a splash with its innovative motion-sensing controller, a setup since copied and elaborated on by the other major console makers, Microsoft Corp. and Sony Corp.

Also Monday, Nintendo said its annual profit dropped for the second straight year as sales declined.