Iwata plans to change Nintendo's current image by introducing new franchises.

Talking to the press in Kyoto this morning Nintendo's president Satoru Iwata spoke on many issues.

On the subject of Nintendo's next generation of hardware he said that they are willing to invest a significant amount of $6 billion into the development of both the console and portable hardware. He plans to make the next console "...the greatest gaming machines ever."

He also spoke about characters and franchises and stated that he plans to introduce new franchises and they are hoping that this will reach the success of Mario and Pokémon. He stated that there is heavy development towards these new franchises at present.