Nintendo announces new home console

Nintendo has announced its plan to launch a Wii successor system next year.

In a note published today alongside its 2011 financial statement, the company confirmed the console, currently codenamed Project Cafe, will launch in 2012.

It also confirmed plans to show a playable model of the new system, and announce further details, at the E3 game show in June.

Nintendo's next home console is said to have high definition visuals and graphical power on a similar level to the PlayStation 3 and Xbox 360.

Its controller is rumoured to feature a 6.2 inch touch-screen that enables the streaming of games played on the console.