You are right about the strong reserves, I was reference their recent time of trouble: https://www.wsj.com/articles/nintendo-swings-to-net-loss-1406706326The sony party was mostly because you claimed Sony did a "50/50" when they are clearly starting to lean more 90/10 at best with western being 90 and the 10 being eastern (considering they are pushing to have time exclusivity for final fantasy for starters)
And source on Nintendo being close for bankruptcy several times? Because last time I checked, they are notorious to save up money so they have to spare to the point that they could continue having Wii Us for several decades before they were close to financial issues bank in 2014 when everyone said Nintendo was done for it https://nintendotoday.com/nintendo-not-doomed/
Today they are the richest company in all of Japan because of their whole mentality of "not spending unless needed" https://www.thedigitalfix.com/gaming/news/nintendo-is-now-the-richest-company-in-japan/
There is a big reason why Nintendo bought Next Level Games was a big deal. Because they are not a company that usually buys companies left and right. and they only bought NGL because they wanted to be bought. If they weren´t. them buying them would most likely not happen. The last one was Monolith Soth back in 2008. They don´t own Hal Laboratory or Intelligent System like some people seem to believe.
Edit - The current CEO just brings the point across of what I´m talking about with them not spending more than needed
" “We are not just blindly acquiring companies because we want development resources. We don’t think that simply expanding the scale of our business will really improve the value of the entertainment that Nintendo provides.”"
Furukawa believes simply increasing the size of Nintendo's teams won'www.videogameschronicle.com
This is a company that started in the late 1800 as a card game creator, and not late 1980 or whenever Donkey Kong arcade releases as some believe. For heck sake, Nintendo has even owned love hotels in Japan at one point
So I hate to say it, but their general strategy of focusing mostly on the Japanese market works in their favor. And if what you say is true about 60-70% of sales is from North America, yet Star Fox, F-zero are not alive (and probably won´t be returning to life anytime soon), let alone Metroid being on its "2D sells well enough but Prime is not worth it"current status.... that is just another proof of them still mostly focusing on Japan then the western audience.
Currently right now, they are rolling with the Switch.
F-Zero's issue is Mario Kart. It was a racing game that is now overshadowed by another racing game. Mario Kart is a HUGE seller Globally and if Nintendo is going to allocate resources towards racing games, Mario Kart will get the love every time.
Star Fox is interesting. It was really a novelty for SNES era and it is hard to fit into games today.
Regarding Sony, I didn't realize how bad it had gotten. They used to be bigger than Nintendo in Japan: https://www.videogameschronicle.com...cisive-decline-in-japan-research-firm-claims/
I think Handhelds tend to be more popular in Japan as you don't have the culture of sitting in houses playing games with friends like you do in the United States for example. I could be totally wrong on that though so don't hold me to it.