Reacting to Nintendo’s President Satoru Iwata's comments at the Game Developers Conference this week, equity research analyst Michael Pachter of Wedbush Securities said that in the long term "Nintendo is doomed." He was referring to Nintendo's fight in the handheld space with Apple's iOS devices and Android based smart phones.
"Long-term, Nintendo is doomed," said Michael Pachter. "He’s under full frontal assault by Apple."
Others in the industry also had comments for Nintendo:
"He may be right, but then the 200 to 300 million people who play games on Facebook are wrong," said Jeff Brown, the VP of corporate communication for Electronic Arts. "Social gaming as a whole aggregates into a business that is undeniably big money. When it’s that big you are forced to pay attention."
"I expected better from Nintendo," said Zynga's Brian Reynolds, who shifted from making hardcore strategy games to a new job at the social game maker. "They are missing the point of what we are doing, We are making games that everyone can play and socialize on while playing."
Source: All Things Digital