According to a new article in the Wall Street Journal, developer kits have officially begun their circulation to third-party development studios. As of now, the newspaper has now gone so far as to bring in several analysts to discuss the potential behind this new powerhouse gaming console. However, as more and more theories seem to be popping up, the one thing that is certain, is that next year will be the year of the Nintendo NX.

News on the console seemed to come to a complete stop after the death of former Nintendo president, Satoru Iwata. The role has since been filled last month by Tatsumi Kimishima, however, word has now gotten out that third-party game developers are receiving developer kits.

Square Enix has already revealed that in addition to the PS3 and PS4, their new title, Dragon Quest XI, will be released on the NX as well. A Powerful move to help create a wealth of content for when the console launches.

Rumors have also begun to speculate about the overall function of the console. With industry specialists theorizing that it may utilize the technology of the WiiU’s gamepad to create a system that can be hooked up to the T.V. like a normal console, but also played on the go with only the game pad.

Un-named sources within the company have let slip that the new hardware was developed in an attempt to catch up to the performance offered by Nintendo’s competitors, Sony and Microsoft. Saying further that the new hardware will utilize industry leading graphics cards, an addition that could help to out perform the Xbox One and PlayStation 4 in terms of visual quality.

Financial analyst David Gibson commented quite bluntly that the under performance of both the WiiU and 3DS, both of which are now several years old, are the reason that Nintendo is pushing for a new console. Since then, a spokeswoman for Nintendo has come out to say that details about the new system will be announced early next year.

Unfortunately this is all speculation at the moment, however it is confirmed that studios have received developer kits. Meaning that the console seems to be nearing its completion. As exciting as the prospect of a new Nintendo console that can compete with the PlayStation and Xbox is, more information won’t be available until sometime next year. Here’s hoping that next year is Nintendo’s greatest E3 Press conference ever.

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