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My personal feeling is we'll see it at next year's E3. The portable version anyway, they may save the console variant for a later time.

Nintendo's handheld shipments are sinking fast

12 million last year

Headed for about 10 million this year

7-8 million for 2016?

Nintendo simply can't sustain profit if their hardware drops this low. Yes they were profitable during the GBA/GCN days but people forget they were selling almost 20 million GBAs a year in those days and merchandising Pokemon out the wazoo in the early 2000s.

If 3DS is sinking to 10 million/year already, they are in trouble.

They must have new hardware ready for 2016.