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In a press conference, a new multiplayer location-based Pokémon game, Pokémon GO, was announced. Pokémon GO will be released for iPhone and Android devices in 2016.

The game is a collaboration between The Pokémon Company, Nintendo and Niantic Labs. The developer, Niantic Labs, recently became independent from Google. Among other projects, Niantic is best known for Ingress, a popular augmented reality-based smartphone game. Junichi Masuda is involved in working on the setting, design and music for the game; in addition, he is also planning to link Pokémon GO with the main series Pokémon games.

Nintendo is also working on a Bluetooth wrist-device, called Pokémon GO Plus, which can be worn on the wrist or as a clip-on. Pokémon GO Plus will allow the players to interact with Pokémon GO
without needing to check the phone and notifies them about events in
the game by using an LED and vibration, including the appearance of a
Pokémon nearby. The players will also be able to catch wild Pokémon and carry out other actions by using the button on the respective device.Pokémon GO will be available for free with in-app purchases.

Source: Bulbanews| Watch the Official Trailer Here