Nintendo is already working on a Wii U successor, according to the firm’s boss-man Satoru Iwata.

Granted, Nintendo has said before it’s always working on it’s next big thing while it’s current thing is at retail, so this isn’t really shocking news.

“We are preparing for our next hardware system,” Iwata told investors. “In fact, we already have a clear idea to some extent about the direction our next hardware is going to take.

“Once we launch a new platform, we naturally start to prepare for the next one. As it takes several years to develop a single platform, if you ask us whether we are preparing for our next system, then the correct response will be that we are always developing new hardware.

“On the other hand, the most difficult question for us to answer in public in concrete terms is when we are going to launch our new hardware and what kind of hardware we are going to launch, and I am afraid that I cannot talk about this in more detail.”

This won’t leave current hardware owners in the proverbial dust though, as Iwata promised the company will continue to make sure those users remain “satisfied” with the “great value in our software.”

“I can certainly assure you that we are not at a dead end of any kind in which we are out of ideas for developing new hardware,” he said. “I of course believe that launching new hardware will not produce good results unless we first make sure that those who have already purchased our platforms are satisfied.

“[T]he idea I mentioned about redefining the definition of video game platforms will also require approximately two years. This is how we would like to talk more about our mid-term measures and lead them to actual results. However, we will not be able to create a good environment for the company unless projects are undertaken simultaneously, so this is the kind of timeframe that we have in mind.”

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Nintendo is already looking to release new consoles and devices in emerging markets during 2015.

A really crazy rumor made the rounds back in January, which stated the new hardware would run 3DS and Wii U games and were called Fusion DS and Fusion Terminal.

Nintendo has also denied rumors that it would announce a new console at E3. Considering it will host a pre-recorded Nintendo Direct for the conference, it is really unlikely. Nintendo always announces brand new consoles with a media event, not a pre-recorded session with exes wearing Mario hats.

Via MCV.