Iwata: 'DS market not saturated'

Nintendo president Satoru Iwata has denied analysts' claims that the DS market is saturated, insisting there is still room for the system's growth.

The dual-screen console has already broken sales records around the world, but Iwata believes that there are still many potential DS owners out there.

"Some say the market for the DS is saturated, but I disagree," Iwata told Japanese newspaper the Daily Yomiuri.

"In Japan, a country with a population of 127 million, we've sold 23 million DS units. The United States is inhabited by over 300 million people, and there are more than 490 million people in the European Union.

"Sales of the product could grow further in foreign countries considering their populations."

The company president also suggested that Nintendo could explore developing markets, such as Russia and India.