Unfortunately, it's not clear whether Mr. Iwata is speaking to first-party or third-party game releases. An impressive list of 3DS titles in development was revealed at last year's E3, though only a handful of titles -- and just one from Nintendo themselves, Nintendogs + Cats -- appeared on the recently announced Japanese launch list.
And the company's going to need plenty of copies of those games, as Nintendo intends on bringing the new handheld console to developing countries in addition to its current territories (North America, Europe, and Japan) at some point in the future. No specific timeframe is given, but Nintendo's CEO sees the rapidly rising economies of developing countries as very important to the future of the game industry. Here's looking at you, Singapore!