"But we've been preoccupied with a fixed idea of what a game should be like. The game industry is at a turning point amid new developments like the rise of smartphones." - Thank you.

Well... Thats great and all but he has stated many things before without delivering on hardly any of them... When/if he actually takes an action, thats when it will be interesting... What Iwata is saying is great and it seems that he has an Idea of whats wrong with Nintendo but if he doesn't do anything about it, its all pointless

Also they should aquire Sega, not cause of Sonic, but cause of Altus and make persona 5 wiiU exclusive as well as every other game that Altus makes... The rants will be worse than beyonatta 2 but its for the greater good of the company

Looks like they're finally waking up and are smelling the roses. About time, they should have had this insight in 2010 or 2011 at the latest.

In a nutshell:

The market has changed in ways we didn't expect. We've got money and options, we'll figure this shit out.

The M&A part is interesting. They normally just buy little companies that don`t really make software. maybe they are changing their minds on buying studios. They could possibly be talking about buying companies for their QoL plans.

Here are the companies Nintendo would possibly acquire:
- Next Level games
- Sega
- Platinum games
- High Voltage Games

Nintendo aquring Sega; now that's an exciting thought.

It is only me or Capcom would makes more sens than Sega? I feel like it a better option qualitywise...

Sega has a much larger back catalogue of IP then Capcom.  

exactly. look at when Iwata cites Yamauchi. Nintendo are fine