Article taken from NGConline.net:
..:: News Article ::..
Nintendo Press Conference
Nintendo reaffirms fans that a new console is coming, and is launching at the same time as it's rivals next time.
Here are quotes from the conference:
"We are developing a new home video game console with a plan to release the new system around the same time as rival makers do," President Satoru Iwata told Reuters in an interview.
"The PlayStation 2 debuted one-and-a-half years ahead of the GameCube. If we had launched the GameCube at the same time as PlayStation 2, the result would have been different."
"We will get ready for a battle in 2005 although foreign game developers are now saying that rival next-generation systems won't come until 2006."
"Given the slumping Tokyo stock market as a whole, it's not only Nintendo's problem. But it's my duty to bring good results to investors," Iwata said.
"When we withdraw from the home game console, that's when we withdraw from the video game business," he said.
Iwata said another price drop was not out of question to bring Gamecube closer to PS2, but he said it wasn't imminent.