Nintendo 'NX' Revealed

The hardware project represents a "brand-new concept."

Nintendo's chief executive Satoru Iwata has revealed that the company's next generation games system is codenamed NX.

Speaking at a press conference held on Tuesday, Iwata explained: "As proof that Nintendo maintains strong enthusiasm for the dedicated game system business, let me confirm that Nintendo is currently developing a dedicated game platform with a brand-new concept under the development codename 'NX'. It is too early to elaborate on the details of this project, but we hope to share more information with you next year."

Iwata also revealed a new membership program that will unite Nintendo's home consoles, its handhelds, as well as mobiles and PC. He went on to clarify that the new membership service will "encompasses the existing Nintendo 3DS and Wii U systems, the new hardware system with a brand-new concept, NX, and smart devices and PCs."

He added: "Nintendo will be the primary party to operate this new membership service. Unlike the Club Nintendo membership service that Nintendo has been operating, the new membership service will include multiple devices and create a connection between Nintendo and each individual consumer regardless of the device the consumer uses."