Source: NX "Is Definitely Not Aiming To Compete With PS4 On Horsepower"

[Soundwave]

cuberandgamer said:

GribbleGrunger said:
After all the clues in the recent slew of Nintendo comments, it was clear to me that this would be the case. Nintendo just don't seem to get it at all.

Actually it seems to be a portable console... there are android rumors, Iwata said that Nintendo will continue making Wii U games after the NX, there was a guy who worked on a mobile windows OS that is working on NX, and its gonna be less powerful than the PS4, and the 3ds is 6 years old....  Everything seems to be pointing in the direction of the NX being a portable.

 

Edit: it still could be a hybrid.

There was also this job listing from Nintendo looking for a lead engineer for their next-gen hardware, note is specifically says that 

http://www.gamespot.com/forums/system-wars-314159282/nintendo-hiring-lead-graphic-engineer-for-next-gen-31642882/

"Low power and SoC design experience would be a plus"

That hints strongly at a mobile system on chip.