Nintendo decline could be detrimental to entire industry, says Sony UK boss

Nintendo's current run of slumping financials could prove damaging to the games industry as a whole, according to PlayStation UK boss Fergal Gara.

It follows Nintendo president Satoru Iwata addressing investors following the company's poor round of financials. He has recognised that the firm must change to adapt to the times, revealing that Nintendo is now open to licensing its IP to third-party companies, including those within the smartphone space.

In an interview with Trusted Reviews, Gara said, "[The decline of Nintendo] could be detrimental to the market, unless people like us raise our game and help tap into the younger consumer group that they serve rather well.

"That is the challenge to us. We need to bring maybe more family-friendly, more casual experiences into the market. I think there’s a big market segment there that we should take the challenge to engage and I see lots of potential to do that."

While the Wii U continues to languish in the sales charts, Gara acknowledged that the 3DS is still doing very well in most markets. "The DS family was the bestselling format last year," he added, "despite the stellar sales of the PS4 for the last four or five weeks, it was still the best selling console or console family."

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Via Nintendo Life.