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I know you have a good reason for using Nintendo as a source, but I can't get by questioning that.
Nintendo is saying the industry was dying before Nintendo will fix it.

I can agree that the industry could have been doing better than it was, but I can't believe it was stagnating. Unless I have a source beside Nintendo saying it, I won't believe it, because it sounds like typical corporate BS to me.

It would be like Apple saying the music industry was dying before the iPod.