Nintendo confirms Wii U launch by end of 2012

Nintendo president Satoru Iwata announced today at the company’s investor meeting following the release of the Q3 financial results that its next home console and successor to the Wii – the Wii U, will release in Japan, Europe and the US by the end of 2012. Earlier this month, Nintendo US president Reggie Fils-Aime had hinted at a release date announcement, saying, “Wii U will launch some time between E3 – which is in June – and the end of the year, so essentially the second half of the year.”

This announcement comes at a time when Nintendo has reported it’s first loss in a long time. According to Iwata’s update, Nintendo overshot its loss forecast by more than thrice the figure, reporting a loss of 65 billion Yen for the fiscal year ending March 31, 2012, while the original forecast made in October was 20 billion Yen.

While there are a slew of rumours still floating around the Wii U, there has been no official word from Nintendo about the hardware specifications, pricing and other such details. Except that information to trickle in around E3.

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