I know you know this but...
Without their IP and the lifetime of work from Shigeru Miyamoto Nintendo really isn’t much of a company. They blew the chance to be THE technology company in people’s living rooms. Part of that mistake was that they ticked off Sony into making the SNES CD-ROM into the PlayStation. That mistake they never recovered from.
Without people buying whatever new hardware for the new Zelda & Metroid Nintendo really does have nothing. They are more dependent on 40 year old franchises than any company in the world. That includes Disney.