It has been three years since the launch of Nintendo’s (NTDOY) flagship console Switch. While the console continues to show outstanding results, as its sales are annually increasing by single and double digits, its momentum is about to fade away. The looming global recession caused by COVID-19 is only one of many things that will disrupt Nintendo’s ability to create shareholder value in the near future. The upcoming release of the new generation of consoles, the full-scale launch of cloud gaming services and the poor monetization of Nintendo’s mobile titles are one of