Nintendo has a warchest of approx. $10 billion with no debt, so what would a company in its position that’s struggling, do? Mergers and acquisitions, right?
That’s what Nintendo is planning, according to their president Satoru Iwata. This is what he had to say:
We’ll change the way we sell products, by managing customer information via the Internet. We’ll offer discounts to steady, regular customers. We’ll cultivate emerging markets and launch new businesses in health and other areas. In an emerging country, you can expand the user base only after you offer a product line different from advanced economies in pricing.
We should abandon old assumptions about our businesses. We are considering M&As [mergers and acquisitions] as an option. For this reason, we’ll step up share buybacks.
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