Nomura Securities Predict Nintendo NX Will Hit Holiday 2016

We may have some more news about the NX. According to the Barron's Asia Blog, Nomura Securities state that the NX will be unveiled this June and will "cannibalize the existing sales of 3DS and Wii U." Really? Even the 3DS? I don't know about that one...

Anyway, according to analyst Junko Yamamura, Nintendo will release the NX by this year's holiday season, and Nomura expected Nintendo to announce the concept sometime between March and May, announce the actual console in June (E3 more than likely), and launch the console between October and November.

"We think the NX will start to boost operating profits in 18/3, when it will have been on the market for a full year and will have a line-up of software titles, which carry high operating margins."

Falling back to the cannibalization of the 3DS and Wii U:

"We had previously thought that the NX launch would have only a limited impact on 3DS and Wii U sales as it is not being positioned as a successor to either console, but we have now altered our view because 3DS sales have been weakening a little recently, particularly in terms of software, as the machine enters its sixth year, and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past.

We still expect the NX to launch in 17/3. We have lowered our estimates for current consoles to reflect the present situation, fiercer competition, and what has happened in the past when new hardware is announced... We have reduced our operating profit forecasts for 16/3 by 5.7% and for 17/3-21/3 by 30.0-32.7%."

Still, what about the 3DS? I mean... if it plans to eat the 3DS--a handheld--numbers. Why? Will the NX have a true mobile component or counterpart?

Hrm...