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RolStoppable said:

It used to be that the video game industry cloned Nintendo games, but eventually it branched off into making games that Nintendo didn't make while Nintendo still makes the same games they always did and therefore nowadays holds major stakes in entire genres and subgenres, because they are seemingly the only ones to grant high production values to certain types of games. For consoles themselves it's similar: It used to be that Nintendo's competitors were majorly interested in gobbling up Nintendo's spot in the market, but by now it's clear that the focus lies elsewhere which essentially cedes a large chunk of the console market entirely to Nintendo and I don't mean only the handheld market or the Japanese market, but also the essence of classic consoles in the global picture which is why Switch does well everywhere.

The video game industry still clones Nintendo games however it is the small independent developement studios that mostly do it instead of the big publishers

Why? Because almost every Nintendo IPs is a genre king which Nintendo locked down a lot of years ago.

You can't expect to match Nintendo by copy them and then throwing a lot of money at it hoping it flys off the shelves because people already recognize the Nintendo series as the real deal.

So it's the smaller guys which have lower costs and small expectation that pay homage to Nintendo the most nowadays.

Indie games are such a match made in heaven on Switch because a lot of them are directly inspired by classic gaming which Nintendo led in mindshare due to them having the strongest legacy in the business.