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Satoru Iwata Confirms: New Nintendo Next-Gen Console by 2005-6

Thanks to the BBC, we now have official comment on Nintendo's standing within the current marketplace, sales forecasts, and confirmation that Nintendo are working on a follow-up to the Gamecube!

According to Iwata (the current president of Nintendo Japan), "Nintendo now expects its console to miss its sales target of 10 million units by 10%, with software sales falling short of a 55-million-unit goal."

Mr Iwata dismissed speculation that Nintendo would pull out of the console market, instead talking about plans for a next-generation machine.

"When we withdraw from the home game console, that's when we withdraw from the video game business," he said.

"We are developing a new home video game console with a plan to release the new system around the same time as rival makers do."

"We will get ready for a battle in 2005 although foreign game developers are now saying that rival next-generation systems won't come until 2006."

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