If they did then I'd wager that Nintendo would be even moreso adverse to risk than they are now. For example, we wouldn't even be getting games like SF0 or Splatoon. Also add on the idea that they wouldn't be working on their own hardware anymore and I can see a noticeable decline in their game quality.
In the end if such a thing came to pass then the industry would be a worse off place. It would also even edge me toward the idea of not wanting to continue playing video game period.
EDIT: To answer the question more clearly, yeah probably. But who knows for how long.







