Prominent Shareholder Demands That Nintendo Embrace Smartphone Gaming [Facepalm]

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This is one of the stupidest things I have seen in a long while but read on anyway lol.

Seth Fischer, who is one of Asia’s best-known hedge fund managers, has written to Nintendo to demand that the company begins developing and selling games on Apple’s iOS and Google’s Android. Candy Crush Saga developer King managed to generate $1.9 billion in revenues in 2013, or $5 million a day. Fischer says that Nintendo arguably has the largest library of casual games so they would be well suited to smartphone and tablet based gaming.

“Nintendo needs to embrace this thematic change in consumer demand, behaviour and expectations to stay relevant,”

“It is readily apparent that the standard elasticity of demand principle no longer applies in the consumer entertainment market when access requires the purchase of a physical product.”

“As the holder of what is arguably the largest library of casual games, Nintendo is well placed to make an immediate entry into mobile”

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