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Nintendo (7974.Japan/NTDOY) slipped 5% in Tokyo after Nomura Securities said the mysterious new console NX, to be unveiled this June, will cannibalize the existing sales of 3DS and Wii U.

According to analyst Junko Yamamura, Nintendo will make NX available by 2016 year-end's shopping season. Nomura expects Nintendo to announce the "concept" sometime between March and May, unveil the actual console in June, and launch it between October and November. "We think the NX will start to boost operating profits in 18/3, when it will have been on the market for a full year and will have a line-up of software titles, which carry high operating margins."