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Nintendo NX news, updates: NX’s detailed revealed during Stakeholder’s assembly; Wii U’s downfall explained, hopes NX will be able to compensate Nintendo’s losses

| Jul 15, 2016 08:55 AM EDT

Nintendo suffered an 18 percent drop in Tokyo Exchange last Friday after investors realized the company does not fully own "Pokemon Go."

It is finally announced that Nintendo's NX console is now in the works, and the product's launch could happen anytime soon.

According to Vine Report, the company has been keeping all intricate details about their upcoming console completely under wraps. Although during a meeting, general manager and director Hirokazu Shinshi stated that the company is now in the process of preparation for the manufacturing of Nintendo NX console. He added that it is a part of their plan to not discuss any of the crucial details of the NX, and stated "we hope to create the optimal production environment."

In the same meeting, Nintendo's President Tatsumi Kimishima shared why the upcoming NX console is important for the company's future. He stated that because of the current downfall of Nintendo's Wii U sales, they are expecting that the NX console would be able to compensate the loss of the company.

Meanwhile, it is reported that Nintendo NX console may be available in the market early next year. It is stated that NX would be released later than expected because the company is trying to incorporate Virtual Reality (VR) features in the device.

In other news, Itech post reported that Nintendo initially planned to announce the news about the upcoming NX console during E3; however, according to the company's spokesperson Shigeru Miyamoto, the company decided to cancel it in the last minute because they were worried that some of the rival companies might replicate the latest design of the console.

The same publication reported that Wii U's sales plummet came as a surprise for the company. Since Nintendo is known for presenting innovative ideas on how game consoles could be enhanced, they thought that a lot of companies would take interest in the motion sensor console that they created, Although a lot of game developers showed interest for quite some time, they later on withdrew their support because it is too advanced for them to work with.  

Aside from launching Nintendo NX, reports claims that the company would also focus on creating mobile games, following the success of "Pokemon Go's" recent launch.

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