(Reuters) - Shares of Apple Inc are set to open down 3 percent on Wednesday as the company's plan to return $100 billion in capital failed to appease shareholders shaken by the iPhone maker's first quarterly drop in profit in a decade. A soft outlook from Apple for the current quarter prompted at least 17 brokerages to slash their price targets on the iPhone maker's shares by up to $180 per share. Apple forecast revenue of $33.5 billion to $35.5 billion this quarter, lagging Wall Street's average expectations of $38.2 billion.

TOKYO (Reuters) - Nintendo Co Ltd said on Wednesday that it expects to sell 9 million of its new Wii U game consoles in the year to next March 31, after a disappointing start since their launch in November. In the latest business year that ended on March 31, the creator of Super Mario sold 3.45 million of its successor to the hit Wii machine. It initially forecast sales of 5.5 million but later lowered that to 4 million.

Apple on Tuesday reported that its quarterly profit had dipped for the first time in nearly a decade despite a rise in revenue from the same period a year earlier. Apple posted a profit of $9.5 billion on revenue of $43.6 billion in the first three months of this year, compared to a profit of $11.6 billion on $39.2 billion in the same quarter in 2012. "We are pleased to report record March quarter revenue thanks to continued strong performance of iPhone and iPad," said Apple chief executive Tim Cook.

By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc on Tuesday bowed to investors' demands to share more of its $145 billion (95.1 billion pounds) cash pile, while posting its first quarterly profit decline in more than a decade. The new expanded capital plan includes issuing debt for the first time to fund $100 billion in share repurchases and higher dividends until the end of 2015. That doubles the amount from a program set up last year and makes Apple the largest dividend-paying company in the world.