Of course a new console doesn't automatically mean success, but it has a greater potential for a string of success that the old consoles didn't. You mention the Genesis, well Sega made mistakes that cost them that gen to Nintendo and they moved on. But lets look at a more successful outing, the NES which absolutely dominated, like no one ever has or ever will again. Why do you think Nintendo isn't still producing the NES, because with that domination they were confident that they could sell the SNES and revitalize the hardware market which at somepoint will have to dwindlle. I'm not saying that Nintendo is going to relase thier next console next year, or even announce it next year. But Iwata said it himself, the more and more everyone copies Nintendo with the motion control thing, the less appealing it becomes to the mass market. So Nintendo cant ride the Wii motion control wave forever, they have to move on the next big idea that MS and Sony will claim to have come up with on thier own :P Oh and "Market Saturation" doesn't mean that it will drop from the top spot or suddenly coming to a screeching halt in sales, it just means that record breaking pace we saw it sell at is a thing of the past, it will settle into an average routine, with spikes here and there due to specific software.
In business, confidence is a big deal, you strike while the iron is hot, you don't wait for it to cool and then try to bend it. Why do you think Sony believed they could ride a 600 dollar console to success and 3rd parties believed it as well. While the Wii at a consumer friendly price, they believed it had little chance of success. You can never ensure success, but when you are successful you cant just sit on your hands and wait for the good times to come to a screeching end. You roll one success into the next success, and try and keep a steady rate of it.
And for those saying that Nintendo should and will wait for MS and Sony to dictate the pace, your quite incorrect. The only reason they could do that with the Wii is because they had such a competitive price, and the inside track on the new innovation. I don't expect lightining to strike twice. MS and Sony wont make the mistake of a $800 console, next time prices will be much more competitive. Now what sounds better? Nintendo wait to duke it out them, at a competitive price and those two likely retaining 3rd party superiority, or Nintendo release a new console that price wise is competitive the PS3 and 360, hardware competitive and its new since we all know new is better than old, no matter what?
Sepewrath
Well, I really can't argue the validity of your point, but I still see a difference in the philosophy of certain things. There's a difference between moving on, waiting, and rushing things, and I think the topic of this discussion focuses more on Nintendo rushing out of this gen because it has found success this time around. Yes, Sega moved on from the Genesis days; it eventually moved itself to the position of a third party publisher. My point there was even though the Genesis didn't end up the number one system, I'm sure the success Sega had at that time was something it wish it could regain. And for all we know, Nintendo could still be making NESs if it had the chance to, as a major reason the SNES was created was because for the first time in its run as a game company, it saw worthy competition from the Genesis that the NES couldn't keep up with. My message is that before everyone starts going "next-gen" all over the place, it's best to see how things truly play out with this group of systems. These days, you never know how long success will stick with you.
For the most part, I agree with your point on confidence, but even that has to be kept within reason. Sony's problem with the PS3 wasn't a lack of confidence, but an arrogance in thinking that people would pay ANY price for its system just because of its name. They failed to see that each gen takes on an identity of its own, and they thought that previous dominance with its last two systems would carry over to its new system and portable counterpart. This is something Nintendo, Sega, and to an extent, even Microsoft have fallen prey to at some point. At the end of the day, all of the confidence in the world won't move systems, but rather the superior business model and products for the time will. If Nintendo believes that it will have that next-gen, then by all means, it reserves the right to make the jump whenever it so chooses. Once again, the Wii's fate has already be set, regardless of what happens this point onward, so it has the luxury of making such a move.
What I'm hoping for, however, is that the Big N doesn't decide that it wants to rush things and make the first move for the sake of it being first. The first one out of the gate is rarely the system that wins the race, and I'm sure Nintendo knows that. Not to mention the fact that it also risks having anymore of its potentially great ideas stolen if the system comes out too quickly. Heck, if Sony could throw in some sort of tilt-functionality with its PS3 controller in such a short amount of time to try to counter the Wii, who knows what last minute adjustments could be made with the newer systems, as well? I agree that better moves will be made by all three companies next gen, and that's why I think it's important to be decisive, but also at least a little patient with the next jump.
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