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Vinniegambini said:
Nintendo has no say in that matter, the Pokémon Company does. Furthermore, Pokémon has stayed a handheld franchise because of portability (pocket monsters), low development costs, and bigger returns - pretty simple.


I thought Nintendo owns Pokemon Company and Creatures Inc outright while Gamefreak co-owns a portion of the Pokemon IP.  Somebody else made a comment that Nintendo also owns a portion of Gamefreak but I haven't had a chance to verify.