<\/p>\n

It’s no secret that Nintendo is going through a transition. While Wii U sales were up during the holidays, they’ve plummeted since<\/a>. In addition, the company had to lower its sales forecast<\/a> for the 2013 fiscal year from 9 million to 2.8 million units and\u00a0<\/a>its stock price recently fell<\/a> by 17\u00a0percent.<\/p>\n

Even though the company is posting its third annual loss in a row, CEO Satoru Iwata says he won’t step down as President<\/a>. With so much negativity surrounding Nintendo, analysts have speculated that the Wii U might be the company’s last console. There’s even been talk of Nintendo licensing its software, which would bring some of the company’s historic franchises to different platforms.<\/p>\n

In spite of all of the hearsay, the\u00a0Wall Street Journal\u00a0<\/em>notes that\u00a0Nintendo isn’t leaving the console business just yet, so don’t expect to see Mario games on smartphones anytime soon — well, legally that is.<\/p>\n

“The spread of smart devices does not spell the end of game consoles,” said Iwata at a news conference last Friday. “The key is to figure out a way to use smartphones to make people aware of Nintendo\u2019s games, and encourage them to try out the console version of the games.”<\/p>\n

“It doesn\u2019t mean that we should put Mario on smartphones,” he stressed.<\/p>\n

Nintendo has reportedly been beefing up its research and development budget, and Nintendo claims to have surprises in store for the future.<\/p>\n

So, it looks like Nintendo and the Wii U will be staying in the console business for the foreseeable future. This is definitely good news for all Nintendo fans, and Wii U owners.<\/p>\n

[via WSJ<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

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