Nomura Securities has stated that the NX, Nintendo’s much-rumored home console, will be unveiled this June, presumably during E3. Analyst Junko Yamamura projects that Nintendo will reveal the concept sometime between March and May, officially unveiling the console in June of this year for a holiday release sometime between October and November.

Nomura also believes that the NX will cut into Wii U and 3DS sales dramatically.

“We had previously thought that the NX launch would have only a limited impact on 3DS and Wii U sales as it is not being positioned as a successor to either console, but we have now altered our view because 3DS sales have been weakening a little recently, particularly in terms of software, as the machine enters its sixth year, and to factor in a harsher competitive climate and what happened to other existing consoles when new machines were launched in the past.

We still expect the NX to launch in 17/3. We have lowered our estimates for current consoles to reflect the present situation, fiercer competition, and what has happened in the past when new hardware is announced… We have reduced our operating profit forecasts for 16/3 by 5.7% and for 17/3–21/3 by 30.0–32.7%.”

While none of this is confirmed, and it is highly unlikely that the Nintendo NX will release in 2016 when it hasn’t even been unveiled yet, there is always that small possibility, as this isn’t the first we’ve heard of this.