We already know that Nintendo will release Wii U before the year's out, but Nintendo president Satoru Iwata has dropped a pretty big hint that the machine will land close to Christmas.

According to several sources including Reuters and Bloomberg Japan, Iwata revealed during an investors' briefing that Wii U will hit Japan, North America, Europe and Australia just in time for the lucrative end-of-year shopping period.

Nintendo usually releases official translations of financial briefings so we expect to get the full story shortly.