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TheMisterManGuy said:

Correction, he didn't rule out a sequel, he just thought it was too early to be talking about one.

He never confirmed one as well so let's put aside the idea now that a sequel is coming ... 

TheMisterManGuy said:

Yes, Nintendo doesn't really make AAA games in the traditional sense. Their games are typically much lower budget than most other publishers. Also it's funny how you bring Splatoon and Animal Crossing into this. Splatoon 1 was developed in only a year and a half with a lower budget than a Mario or Zelda. Spatoon 2 only had a core development staff of around 40-50 people. Animal Crossing also doesn't require as much staff to make due to its relaxed scale.

Games on the scale of BotW and Mario Odyssey are great yes, but they're not the majority of Nintendo's overall output each generation. Many of their games are much smaller in scope than you think.

'Typically' much lower doesn't mean that they're not AAA games! No indies that are equipped with less than $10M will be able to pull off those games with similar production quality ... 

As far as Splatoon 2 is concerned are you only counting credits ? If you are then it's practically the norm for the industry to just leave out staff who didn't see the game to completion ... 

Maybe not the majority but certainly the most important output during this generation and most likely the next one as well ... 

TheMisterManGuy said:

Luckily, they continue to sell systems throughout the generation, thus you don't need as much of them each year.

Only so much time that they'll keep having effect before hardware sales start sagging ...