Is Nintendo building a new console in 2014 to compete with Playstation 4 and XBox One?

According to a new post on Nintendo News, it looks like the once mighty gaming system giant could be working on a brand new console that could go up against the Playstation 4 and Xbox One. Nintendo's latest venture, the Wii U is reportedly struggling so it makes sense for the company to think outside the box. A new console could be fun, don't you think?

Nintendo News reports:

As many may already be aware, Nintendo is already fast at work on their next set of home and portable hardware. Nintendo, in particular, seem to work on succeeding hardware anywhere from six months to two years after their current generation lineup is released on the market. What we know is that "Nintendo Fusion" is a possible name that Nintendo is using for their next-gen hardware.

On Thursday, May 29th, 2003, Nintendo of America Inc. purchased the domain name nintendofusion.com. They purchased the domain from the same Melbourne, Australia-based registrar they use for all of their other official domain names: Melbourne IT Ltd. At precisely 12:17 p.m. GMT on January 21st (just about an hour and a half ago), the WHOIS database record for nintendofusion.com was updated ...

After giving plenty of detail as to how they came to this including a list of domain names currently owned by Nintendo, but not in use.

To read more about this rumor, click HERE!

As this site and many other gaming websites explain as a disclaimer, this is just a rumor and should be treated as such ... for now.