“Nintendo is doing this one right,” an anonymous source told the magazine. “[It’s] not a gimmick like the Wii.”

The report says the new Wii will have better graphics, but sources differ on whether the quality will be the same as Microsoft’s 360 or Sony’s PlayStation 3. Nintendo will reportedly unveil the console in June at the Electronic Entertainment Expo, known more commonly as E3.

Rumors that Nintendo was planning to show off a new Wii at E3 have been flying for a few months but had not been confirmed by any news outlet.

Nintendo has released numbers from the NPD group that showed the Wii had sold more than 290,000 units in March. That’s down from 558,000 units sold in the same period last year, Bloomberg reported. Wii sales have been dropping as it faces competition from the higher-powered consoles from Microsoft and Sony, though it took a quick lead in the console market when it launched in 2006.

Nintendo also announced sales figures for its 3DS, which has sold just under 400,000 units following its March 27 launch date.

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