Nintendo Console Planned
interview with Reuters, Satoru Iwata reaffirmed Nintendo's plan to
launch a new console to compete in the next generation of hardware.
are developing a new home video game console with a plan to release
the new system around the same time as rival makers do,"
President Satoru Iwata told Reuters in an interview.
will get ready for a (new) battle in 2005 although foreign game
developers are now saying that rival next-generation systems won't
come until 2006."
went on to once again state that Nintendo does not plan on following
Sega and turning into a software-only publisher; "When
we withdraw from the home game console, that's when we withdraw from
the video game business," he said.
Nintendo's stock price having plummeted around 50% in the past year
(and under performing the industry average by about 15%), Iwata
indicated that Nintendo's focus for 2003 will be on strengthening the
focus for 2003 is to offer new types of games which allow consumers to
play both on the GameCube and Game Boy Advance," Iwata said.