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Soundwave said:

The problem is though they haven't made any money during the 3DS era (three straight years of operating losses) and more importantly if the traditional handheld market is on a decline, then it has huge implications for how Nintendo has to do business going forward. 

In other words ... it's not really shocking that they are scrambling to find new business areas (quality of life). I think they are hedging against a full on collapse in the console biz combined with their handheld business declining to pre-1998 levels. 

I don't think smartphones are even near a saturation point yet either, I think as more time goes on, more kids will start to get their own phones at an earlier and earlier age. 

So basically, "Nintendo is doomed"?