Nintendo To Debut Next-Gen Console At E3 2005

An anonymous reader writes "According to Reuters, Nintendo has indicated it will debut its next-generation console at next May's E3, as part of financial results in which the company showed net profit of 70 billion yen ($625 million) - this figure still 'fell by half in the past business year, hurt by disappointing sales of its GameCube console and currency losses, but [Nintendo] predicted earnings would bounce back this year.' The company also indicated 'target shipments of 3.5 million 'DS' machines', with Nintendo's Yoshihiro Mori saying: 'In order to have the DS out by Christmas, we plan to start production late summer or early fall and boost production every month.'"