Nintendo Wii U

According to PC Magazine, the new console should release any time after April 2012, when the new fiscal year begins.

Nintendo President Satoru Iwata told PC Mag the company is aiming to have a more successful launch for the Wii U than it had for its most recent predecessor, the Nintendo 3DS.

Based on the bitter experiences we have had with the Nintendo 3DS, we are making every effort to prepare so that the Wii U will not stumble during its launch," said Iwata.

Iwata detailed that the final version of the Wii U will be on display at the E3 conference in Los Angeles in June 2012.

Nintendo President Satoru Iwata told PC Mag the company is aiming to have a more successful launch for the Wii U than it had for its most recent predecessor, the Nintendo 3DS.

PC Mag suggested that Nintendo will ship the Wii U according to the 2012 holiday season, as it has done for past launches.