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I think a Nintendo branded tablet is coming, that's been all but confirmed by some guy at Nintendo who leaked they were working on educational tablet software. I can see a Nintendo branded phone too. It would make a lot of sense to partner with an Android hardware maker and get a high-end unique product out quickly. They could do some serious damage in the iPad Mini market.

Then, develop a powerful home console that connects to the Nablet like Wii U does, but as an optional interface. The console itself would have a simple input device but lots of processing power.