This is such a perfect quote from Iwata that I don’t want to ruin it with additional thoughts.
Even when we were going to launch the Wii system, there were a lot of voice saying ‘Nintendo should stop making hardware’. The reasoning behind that was Nintendo would not have any chance against Microsoft and Sony. The fact of the matter was: I did not think Nintendo should compete against these companies with the same message and same entertainment options for people. We have not changed our strategy. In other words, we just do not care what kind of ‘more beef’ console Microsoft and Sony might produce in 2013. Our focus is on how we can make our new console different than [others].