After months of speculation and buildup, Nintendo on Thursday officially unveiled its new gaming system, the Nintendo Switch. Previously known only by the codename "NX," rumors about this latest video game console began last year with a hint from Satoru Iwata, the company's late president.
At the time Iwata suggested only that Nintendo was working on a new video game system, and few details have leaked since then.
The Switch is Nintendo's first home gaming system since it launched the Wii U in 2012. That system is widely regarded as a disappointment -- Nintendo has sold just under 62 million units worldwide. That compares to the sale of more than 101 million units of its predecessor, the Nintendo Wii, since its release in 2006.
The Switch is not Nintendo's first comeback effort, however. Wii sales were nearly five times greater than the number of Nintendo GameCube units sold since its release in 2001.
This time around the video game publisher/developer community already has thrown early support behind the new system. Nintendo has announced more than 40 third-party partners for the Switch, including notable publishers such as Activision, Bandai Namco, Electronic Arts, Take-Two Interactive Software and Ubisoft.
The system is scheduled for a March release, but pricing has not been released.
The Nintendo Switch could sell 2.85 million units globally in 2017 if launched by the end of March, IHS has forecast.
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