During an earnings report over in Japan, Nintendo President Satoru Iwata announced that by the 2012 holiday season, all major territories (North America, Europe, Japan and Austrailia) would see the release of the Wii U, the successor to the Nintendo Wii.
Nintendo saw extremely strong sales of the Wii throughout much of the systems life-cycle, but this release window comes on the heels of Nintendo announcing it’s first fiscal losses in twenty-five years.
Along with the announcement of an official release date for the Wii U, Mr. Iwata also declared that the Nintendo 3DS would be seeing consistent releases of top-tier, major titles. The handheld had quite the rocky start early in its release cycle.
Mr. Iwata also announced that at E3 this year, the final form of the Wii U would be revealed.