Nintendo looks to next-gen console


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Article : Nintendo looks to next-gen console

Source : http://www.ve3d.com

Nintendo has admitted that sales of its GameCube console are flagging in the face of strong competition from Microsoft's Xbox.

The company's president, Satoru Iwata, said that 10% fewer GameCube would be sold this year than expected.

Nintendo is vying with Microsoft for the number two spot in the console market, which is dominated by Sony's PlayStation 2.

Looking to the future, Mr Iwata said Nintendo was planning to launch a next-generation console in 2005 or 2006.

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Nintendo Co. Ltd., creator of "Pokemon" video games, said on Thursday it planned to launch a next-generation home game console in 2005 or 2006 in a move to restore its clout in the lucrative home video game market.

"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," President Satoru Iwata told Reuters in an interview.

Industry veteran Nintendo, which has fallen well behind leader Sony Corp and vies with newcomer Microsoft Corp for the number two spot in the console market, suffered poor sales of its flagship GameCube console during the crucial holiday shopping season.

In contrast, Sony said this month it had sold 8.5 million PlayStation 2s during the shopping season, up 24 percent from a year earlier, and that accumulated shipments topped 50 million units worldwide.

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  • 2 weeks later...

It's always a bitch to decide what system to get. So far i have gone Nentendo and haven't been dissapointed....but if other next-gen consoles are better at the time, i'm prepared for a change. I hope the new Nentendo console will bring out a few more games than the Gamecube, though: there arn't too many compared to PS2... :blink:

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