Nintendo MH Report Is Just A Projected Scenario By A Financial Firm
Following the report from a Japanese financial website that Nintendo is working on a new handheld console codenamed MH, the internet had started to speculate on what might this Nintendo MH could be, however, it turns out that the MH report was not confirmation but a speculation according to Dr. Serkan Toto.
Dr. Serkan Toto is the CEO of Kantan Games, who recently took to social media to clear some misunderstandings. According to Toto the Nintendo MH report was not a confirmation but a scenario made by the Japanese financial website.
That Morgan Stanley Japan note on Nintendo does NOT mean a portable console or the name ‘MH’ is confirmed. They are picturing a scenario.
In a follow up twitter post Dr. Serkan Toto said that such “rich” forward looking analysis and wording is also standard. He said he knows because he reads a lot of investor reports.
According to Dr. Serkan Toto financial institutions do these kind of future-oriented analysis all the time and the report had more than what was released on the internet.
In another followup twitter post Toto reassured that the firm was detailing a scenario, as it is clearly stated that the firm is just projecting. He said the use of codename MH was to make the report more readable.
Also introducing a new handheld console would not make any sense, because a recent report from a firm called Influence Central indicates that Nintendo 3DS is declining in its sales due to the smartphones.
This latest study indicates that the average child gets its first smartphone at the age of 10.3. According to the report this early introduction of smartphone tech to a child is contributing to Nintendo’s decline in the handheld sector.
The research firm states that Nintendo’s 3DS is the fourth most popular choice of entertainment during a car trips.
May be this decline is the reason that Nintendo America dropped its price for Nintendo 2DS to $80.