I'm not sure if the smartphone effect has levelled off.
This year represents Nintendo's lowest handheld shipment since before the creation of Pokemon, almost 20 years ago now.
The other problem you have is you have a generation of kids that simply aren't getting a Nintendo handheld period, I see it in airports all the time, the amount of kids playing on their or their parents iPhone/iPad/Android tablet outnumbers the kids I see with dedicated handhelds like by 10 to 1 easily (and I'm honestly probably be generous to dedicated handhelds here).
That's kind of worrying. Kids freaking loving tablets/smartphones too, I had a friend over with a very young child, and he already knows how to load up cartoons on his parents iPhone. It's insane.
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