Tokyo, April 27 (IANS) Japanese videogame company Nintendo will release its new console globally in March 2017, the company announced on Wednesday.

"Nintendo is currently developing a gaming platform codenamed 'NX' with a brand-new concept... NX will be launched in March 2017 globally," the company said in its report, without giving any more details.

The Kyoto-based company decided to halt production of its Wii U game console, after scanty sales till December 2015 that pushed it to focus on the Nintendo NX, EFE news reported citing the Nikkei daily.

The launch of the new console could, however, result in a greater dip in Wii U sales, which dropped 8.4 percent in 2015.