Possible Details on Nintendo's New NX Console Release Revealed

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A stock market slip in Japan for Nintendo may have been due to a securities analyst, who says their new console, expected to launch in either late 2016 or early 2017, will cannibalize sales of the company's current consoles.

Nomura Securities says the console will be revealed in spurts in the first half of 2016. They say a concept reveal will come first, in mid-spring, with the actual console reveal coming in June 2016, likely at the E3 videogame conference in Los Angeles, CA.

The problem for Nintendo's stock, however, comes from speculation that the console could be a replacement for both the Wii U home console and the 3DS portable device.

"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, but we have now altered our view because 3DS sales have been weakening a little recently, particularly in terms of software, as the machine enters its sixth year," Nomura Securities reports, "and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past."

That means the estimates for those two consoles have been adjusted down, not from the announcement of the new console, but from the expected announcement of the console - a shift in how they've typically been impacted.

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