In terms of net worth, Nintendo isn't worth much less than Sony right now, and that's after the worst string of years in Nintendo's history. Why would Apple buy a currently middling video game company instead of a company that can grant them THE console to have as sugar on top of everything else such as Sony Music, Sony Pictures, et alia? Plus they'd have the tech for THE best TVs on the market with Sony, and they'd be able to sell them at the hugely inflated prices Sony used to try to because it's Apple and people are dumb enough to buy Apple no matter what. Buying Nintendo over Sony is really poor planning, something Apple isn't known for doing.
Second, if ANY Western entity buys Nintendo that company immediately loses 1/4 of Nintendo's revenue at least. Japan does not buy Western products with very little exception, so scratch almost all of those profits. If Sony loses Japan it's rough but not nearly as much because Sony is a heavily Westernized company already - though you could make a fairly weak argument that losing Japan would be worse for Sony as well, so it works both ways here.
Third, I'm sure Nintendo employees wouldn't be happy working for a completely different company with different ideals, so you could see a migration away from Nintendo which leaves the company a name rather than a trusted brand. So yeah, you've got Candy Mario Saga now, but nobody's gonna respect Mario anymore if the company exists solely as a license for the characters.
Fourth, I'm sure that if Nintendo got bought out there's some sort of issue that comes forth with The Pokemon Company. Ownership of that license is primarily Nintendo's, but there'd be a court fight over that one, and then Apple could lose its second most important franchise in the buy. This is the weakest of my arguments because this one is highly hypothetical, but it's still worth noting.
Lastly, there could be some legal repercussions of buying up a third of gaming for Apple. There also could be for buying another phone/music/TV conglomerate like Sony. Either option is stupid but one is much less so.
You should check out my YouTube channel, The Golden Bolt! I review all types of video games, both classic and modern, and I also give short flyover reviews of the free games each month on PlayStation Plus to tell you if they're worth downloading. After all, the games may be free, but your time is valuable!
