Nintendo president Satoru Iwata has confirmed today that the next-gen console will launch in the US by Thanksgiving, this according to an interview with a Japanese newspaper. He said, "We can't disclose the Revolution's release period yet, but we have no plans to miss out on the year-end sales battle. As for North America, we need to release it by Thanksgiving, or otherwise we won't receive support from the retail industry. So the Revolution will be released prior to that period."

Though no specific launch price was mentioned, Iwata reiterated that the console will be reasonably priced. "The amount of money that people are willing to spend on videogames is getting less every year," he said. "Even if it's a superb machine, it's not going to sell if it's 50,000 yen ($434). We plan to make [the Revolution] an affordable price." Prior statements made by the company affirm that the next-gen console will retail for "under $300."

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This article was originally published on Joystiq.

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