Nintendo President Satoru Iwata has revealed that the company plans to make new consoles primarily aimed at ‘emerging markets’. While speaking to Bloomberg, Iwata said that it was unrealistic to sell games at $30 to $60 in emerging markets and would require a complete reworking of both the hardware and pricing. On the other hand, Iwata dismissed reports that Nintendo planned to enter the smartphone gaming segment, stating that it had been involved in console gaming for far too long to suddenly shift into a new segment.
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