UPDATE: During a recent Q&A with investors, Nintendo President Satoru Iwata cleared up some of the confusion about the Nintendo NX. “Because we are calling it a ‘new concept’, we are not thinking of this as a ‘simple replacement’ for the 3DS or the Wii U,” Iwata said.

Well, that didn’t take long. Less than two-and-a-half years after Nintendo launched the Wii U, the console stalwart has revealed plans for a new console, codenamed Nintendo NX.

There’s good reason for the expediency: while Sony (and to a lesser extent, Microsoft) can potentially match their earlier successes with their latest batch of consoles, the Wii U will almost definitely go down in history as Nintendo’s worst-selling console.
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