Nintendo urged to move into smartphones

Bloomberg reports that Japanese analysts and investors are beginning to call on Nintendo to move or buy into the smartphone market, though only one - Tetsuro Li, of Commons Asset Management - is a confirmed holder of Nintendo stock. "Nintendo should aggressively make acquisitions or increase return to its shareholders," he said. "It's management's task to consider how to make use of the cash." Securities firm MF Global FXA went further, telling investors to "sell the stock, because a management once feted for creative thinking have just shown how behind the times they are."

Source: Bloomberg