Nintendo's Tiny Licensing Business Could Have a Big Future
Unfortunately, Nintendo expects its revenue to decline 9% in fiscal 2021 against a tough year-over-year comparison. Nintendo's "mobile and IP related income" unit generated 3.2% of its revenue last year, while the legacy playing cards unit -- which has existed since Nintendo's founding in 1889 -- generated just 0.1% of its revenues. Nintendo's mobile and IP division has generated most of its revenue from mobile games ever since it launched the first title, Super Mario Run, back in 2016.
