Nintendo's president Saturu Iwata has revealed in a recent Q&A that the console creator is "always developing new hardware," a surprise that should come to no one as Nintendo has previously mentioned such development cycles.

Speaking about Nintendo's recent financial briefing for its fiscal term ending in March 2014, Iwata explained that once a platform is launched, the company begins preparations for the next one.

"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," Iwata said. "However, 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."

The Nintendo president also sternly added that current Wii U owners won't be easily forgotten, with the company stating that new hardware won't appear until customers are satisfied with the current console. Nintendo are already planning to showcase a number of titles at E3 2014 for the Wii U, including both nearly complete and still in early phases.

"We will continue to work hard to ensure that consumers who already own our platforms are satisfied, and make sure that people will continue to see great value in our software," Iwata said, "but I would like to say that we are preparing for our next hardware system, and in fact, we already have a clear idea to some extent about the direction our next hardware is going to take."

Nintendo will be forgoing a traditional conference, but that isn't to say they won't have a big presence at E3 2014. The company will be hosting an array of smaller sessions in the form of Nintendo Direct presentations, but also having behind-the-scenes showings of their latest titles.