Nintendo NX May Release By The Year’s End

<p>Nintendo&&num;8217&semi;s anticipated successor to the Wii U console&comma; codenamed &&num;8220&semi;NX&comma;&&num;8221&semi; is said to release by the year end&comma; according to Nomura Securities&period; The weight of the announcement has driven Nintendo&&num;8217&semi;s stock down by 5&percnt; yesterday&period;<&sol;p>&NewLine;<p>Nomura Securities&comma; a leading securities and investment company based in Tokyo&comma; believes that the NX will &&num;8220&semi;cannibalize&&num;8221&semi; the sales of Nintendo&&num;8217&semi;s current handheld and console offerings&comma; the 3DS and Wii U&period; According to the banking company&comma; Nintendo will also reveal full details regrading the new console&period;<&sol;p>&NewLine;<p>Nomura has changed its position on the stance of Nintendo&&num;8217&semi;s new hardware&colon;<&sol;p>&NewLine;<p><em>&&num;8220&semi;We had previously thought that the NX launch would have only a limited impact on 3DS and Wii U sales as it is not being positioned as a successor to either console&comma; but we have now altered our view because 3DS sales have been weakening a little recently&comma; particularly in terms of software&comma; as the machine enters its sixth year&comma; and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;<p>To address the cannibalization of Wii U and 3DS sales&comma; Nomura explains&comma; &&num;8220&semi;<em>We have lowered our estimates for current consoles to reflect the present situation&comma; fiercer competition&comma; and what has happened in the past when new hardware is announced&period;&&num;8221&semi;<&sol;em><&sol;p>&NewLine;<p>Though not a confirmation of launch plans for the Nintendo NX&comma; this is just another piece of news that points to a 2016 release for the hardware&period;<&sol;p>&NewLine;<p>Source&colon; Barron&&num;8217&semi;s Asia<&sol;p>&NewLine;