Shigero Miyamoto just "confirmed" Nintendo is working on a new console but he refuses to say if it will have backwards compatibility.
At a recent investors meeting, Miyamoto fielded questions about the business feasibility of backwards compatibility where he mentioned how much easier it is these days to make a console that can support older games. In a translation found on ResetEra, Miyamoto said it's much easier to "create a playable environment that allows software for past hardware to be played on new hardware than before."
But, Miyamoto also mentioned that, "Nintendo's strength is in creating new games." Miyamoto added that "new hardware" means "unique games that cannot be realized on existing hardware."
There are two key takeaways from what Miyamoto just said. For one, Miyamoto effectively confirmed Nintendo will never make hardware that will support backwards compatibility like the Xbox. Also, Miyamo just talked about new hardware.
