nVidia (NVDA) Reportedly Wins Nintendo's Nex-Gen Contract

Launched in 2004, the Nintendo (OTC: NTDOY) DS and its two latter redesigns [DS Lite and DSi] sold a massive 111.49 million units. Nintendo DS owns 68.3% of worldwide market share.

Nintendo has begun work on the successor of its handheld console with a debut planned for late 2010. According to the BrightSideofNews.com, Nintendo is going to use nVidia'sTegra System-on-Chip processor for the successor of DS/DSi handheld console. Unlike the current design, nVidia offered a single-chip proposal to Nintendo, a company famous for keeping the hardware platform absolutely simple.

Given the fact that Nintendo DS hardware is based upon 16-bit and 32-bit ARM cores, it looks like Next-Gen DS could be backwards compatible with the DS application library.