I suppose it was really only a matter of time before Nintendo decided that their efforts and resources would be better used elsewhere.
According to Bloomberg, Nintendo has been reported to be withdrawing from the Mobile Gaming Market. This is apparently due to Nintendo’s changing course following the success of Animal Crossing: New Horizons. It has also been noted that Nintendo’s Mobile offerings have not fared as expected and struggled to keep a foothold in the Mobile Gaming Market.
Here is an excerpt from the article on Bloomberg’s Website:
President Shuntaro Furukawa proclaimed two years ago that smartphone games would be a $1 billion business with growth potential, building on his predecessor’s promise that Nintendo would release two to three mobile titles each year. That spurred hopes among investors that the gaming powerhouse could carve out a substantial slice of the market. In May, however, the president adopted a markedly different tune, saying “We are not necessarily looking to continue releasing many new applications for the mobile market.”
Source: BloombergTags: Bloomberg, Mobile Gaming, Nintendo, Nintendo Mobile
This post was written by Mike Scorpio