Nintendo President Saturo Iwata has claimed that the company already knows what its next console hardware will be, but claimed that that there are currently no plans to announce or release a replacement for the struggling Wii U at the moment. Moving to reassure investors and fans following another set of poor financial results for the company, Iwata said:
[We are] always developing new hardware,and already have a clear idea to some extent about the direction our next hardware is going to take.The most difficult question for us to answer in public in concrete terms is when we are going to launch our new hardware and what kind of hardware we are going to launch, and I am afraid that I cannot talk about this in more detail. I can certainly assure you that we are not at a dead end of any kind in which we are out of ideas for developing new hardware.
Before Wii U fans start worrying though, the fact that the company knows what it's planning to do next doesn't necessarily mean that it's going to be canning the system just yet. Iwata clarified its goals for the platform by saying:
We will continue to work hard to ensure that consumers who already own our platforms are satisfied, and make sure that people will continue to see great value in our software. We arecommitted to developing several titles that focus on offering unique experiences only made possible with the Wii U GamePad in order for a large number of people to understand the Wii U GamePad’s significance.
Iwata had previously announced that Nintendo would unveil an all new platform before the end of this fiscal year (March 2015), however that platform is likely to be lifestyle oriented, rather than a true gaming system. The company has also announced plans to release new hardware for emerging markets. These cut priced offerings will offer an entry point into the world of gaming that's not as prohobitive, financially, with games that are made specifically for the devices.