Nintendo Has Retaken Its Dominant Position in the Video Game Industry
Nintendo's (NASDAQOTH: NTDOY) character licensing and mobile initiatives have lots of promise, but the company's core business still hinges on making its own video game hardware. That was something to worry about less than a year ago, but the success of the newest Switch console has changed the game.
According to NPD Group, the Switch was America's best-selling console in September -- making it the top-selling video game device for three consecutive months and the top-selling platform in five out of the seven months since its March release. Even more impressive, with the company's 3DS handheld included, Nintendo platforms accounted for roughly two-thirds of total September hardware sales.
Image source: Nintendo.
Source: Fool.com