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'Smartphones killing handheld' opinions are incorrect - Iwata

Nintendo boss restates his confidence in the handheld market

Opinions that the rise of smartphone market spells doom for dedicated handhelds "are incorrect", says Nintendo boss Satoru Iwata.

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Speaking during the firm's recent financial call, Iwata said: "Last summer, when the sales pace of the Nintendo 3DS was slow, there were extreme remarks saying, 'With the penetration of smartphones, will there still be a market for handheld hardware?' which was almost equal to 'handheld hardware is not necessary anymore.'"

While Iwata admits that the console's early sales were "unsatisfactory", he goes on on firmly state, "I believe we proved that such opinions are incorrect."

Nintendo expects to make a profit from 3DS hardware sales in the first half of its next fiscal year, which kicks off on April 1, 2012.

The company's money-making ambitions were significantly impacted by August's global 3DS price cut, which resulted in each unit selling at a loss, but things are starting to look up for the portable, according to Iwata.

[ SOURCE: Gamespot ]

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