Games

Nintendo focuses on in-house development, won’t rule out future acquisitions

While Microsoft and Sony continue to make big moves and acquire major external studios, Nintendo has its eye on organic and internal growth for the foreseeable future.

This news comes alongside Nintendo’s latest sales and financial results, which saw the Switch official Breaking 100 million units sold globally. As of December 31, 2021, the Switch has sold 103.54 million units, surpassing both the original Wii and PlayStation in lifetime sales.

Given its continued success in selling hardware and software, Nintendo plans to focus on internal expansion rather than trying to acquire other studios or assets. This is in the hope of keeping “Nintendo DNA” strong in all aspects of the company.

“Our brand is built on products created with employee dedication, and having a large number of non-Nintendo DNA owners on our team would not be a plus for us. company,” Nintendo president Shuntaro Furukawa said via Bloomberg.

However, this is not anything new. The company announced in November that it plans to about 880 million dollars to expand its in-house game development capabilities following the continued success of Switch and first-party software. This includes Nintendo bring in more resources internally to avoid the need to outsource the project, resulting in more workable office space in Kyoto.

Nintendo also has no history of acquiring external studios, preferring to collaborate and work with other companies on many projects over a longer period of time than trying to buy them. The most recent example of a big N word acquisition is The next level game in January 2021this comes after the two companies have been working together for almost a decade.

Related: According to Nintendo president, Switch is in the middle of its lifecycle

Even as Nintendo is focusing internally, Furukawa noted that the company won’t rule out future acquisitions either. And considering the current state of the game industry, that’s pretty obvious.

With Microsoft Activision Blizzard Purchase Agreement for $68.7 billion and Sony acquires Bungie For $3.6 billion that came to light just last month, Nintendo ruled out a potential acquisition to bolster its own portfolio that could come back to bite. Keep the possibility open, and position yourself in a way that shows they’re not actively looking to make deals, to open that door for future negotiations.

https://dotesports.com/business/news/nintendo-is-focused-on-internal-development-wont-rule-out-future-acquisitions Nintendo focuses on in-house development, won’t rule out future acquisitions

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