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Nintendo canceled new handheld in last three years

Nintendo president Satoru Iwata mentioned in a recent interview with CNBC  that the company had a new handheld all set to go in the last three years, but ultimately decided to scrap the plan. Iwata declined to give any further details about the product, but did say that the most important thing for Nintendo when releasing new hardware is to maintain “momentum.” Iwata implies that the new handheld would not have accomplished that goal.

[Via Joystiq]