Nintendo Pares Gains After Ruling Out Push Into IPhone Games
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Nintendo Co. pared gains in Osaka trading after the company ruled out expanding into smartphone games, damping speculation triggered by affiliate Pokemon Co.’s development of software for Apple Inc.’s iPhones and handsets that run on Google Inc.’s Android operating system.
Nintendo’s strategy to develop software only for its own hardware “hasn’t changed and won’t change,” Yasuhiro Minagawa, a spokesman for the Kyoto-based maker of the Wii game console and DS portable player, said today by phone. Pokemon, 32 percent owned by Nintendo, is independent, he said. Pokemon said July 1 its ‘Tap’ game will debut this summer.