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RolStoppable said:

Not all shareholders are idiots and there sure are not enough idiots to force Nintendo to leave the hardware business and/or put games on smartphones.

Nintendo isn't losing as much money on 3DS hardware as you think.

Now the real biggest threat to Nintendo are the people who currently run the company. Just watch this:

http://www.nintendo.com/3ds/videos/#/Interview_with_Mr._Miyamoto%2C_Super_Mario_3D_Land

So to all you people who were expecting a new Super Mario Bros. game for the 3DS: It looks like it's not going to happen. The same goes for all other games Nintendo doesn't feel like making. This wouldn't be that big of a problem if we were talking about niche titles here, but we aren't and that's why it is going to be a major blow to the lifetime sales of the 3DS. One can only hope that Nintendo changes their mind sooner rather than later.

I saw that video, basically they say their objective with SM3DL is to make a 3D game that feels like 2D. That doesn't necessarily exclude a NSMB in the future. Both the DS and the Wii had a New 3D mario before the 2D one. I could get it wrong but I think Iwata may at least know how to count, if a game sell +20millions it will likely get a sequel. Even the name may suggest it's just a spin-off. If they really want the 3D formula to overtake the 2D, why wouldn't call it New Super Mario Bros 3D or something? The fact that they scrapped "bros" and used "3D Land" in the name may be considered irrilevant but it means they still want to market it as a different game. Lastly, this game is made by the former Mario Galaxy studio, not the one in charge of NSMB. That one may likely be still developing a 2D mario. The New Super Mario Bros Mii demo, even if it's just a concept, shows they don't likely want to abandon the formula.