Is Nintendo Prematurely Killing Its Mobile Gaming Business?
Nintendo's (OTC: NTDOY) expansion into mobile games over the past four years generated more than $1 billion in revenue through the end of 2019, according to Sensor Tower. That growth looked promising for the Japanese video game giant, which built its fortunes in the console gaming market.
That's why it was surprising when Nintendo President Shuntaro Furukawa recently revealed the company was "not necessarily looking" at launching "many" more mobile games. Nintendo has launched seven first-party (non-Pokemon) mobile games so far, and it previously planned to release two to three games annually.
Furukawa didn't say Nintendo would stop making mobile games, but Sensor Tower noted that revenue from Super Mario Run, one of Nintendo's first mobile games, dropped by the double digits throughout the COVID-19 crisis as sales of the Switch-based Animal Crossing: Horizons surged.
Source Fool.com
