it has finally dawn on the Nintendo that the Wii U is sucking big time. so they've started development of a new consoles. will a new console help or is Nintendo a lost cause?

<blockquote>"If you only expand upon existing hardware, it's dull," Iwata said in the report, as translated by Kotaku. "In some shape or form, we're always thinking about how we want to surprise players as well as our desire to change each person's video gaming life."

Iwata officially announced the NX during a presentation in Japan last week, where the company also revealed plans to finally enter the smartphone market. Revealing the NX project was a means to demonstrate that Nintendo remains committed to gaming hardware.

"As proof that Nintendo maintains strong enthusiasm for the dedicated game system business, let me confirm that Nintendo is currently developing a dedicated game platform with a brand-new concept under the development codename 'NX,'" Iwata said at the time.