"The spread of smart devices does not spell the end of game consoles."
Nintendo has emphasised its continuing commitment to games consoles despite Friday's losses, and rejected calls to release titles on smartphones.
"The spread of smart devices does not spell the end of game consoles. It's not that simple," he said. "It doesn't mean that we should put Mario on smartphones."
While Nintendo is currently refusing to release titles on smartphones and the like, The Pokemon Company has previously experimented with releasing products on different platforms; last year a Pokedex app was launched in Japan.
On Friday, Nintendo announced that both Wii U and 3DS had failed to reach sales projections, forcing the company to significantly downgrade its forecast for the fiscal year ending March 31, 2014. Iwata apologised to investors but noted he will not be resigning, nor will he be making any major management changes in the near future.
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