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  "documentTitle": "Nintendo Co., Ltd. (7974)",
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  "authorName": "Seth Fischer",
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  "presentationDate": "2013-06-11 00:00:00",
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  "notes": "This is a shareholder letter from Oasis Management to Nintendo, dated June 11, 2013.",
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      "text": "We think that you realize, as we do, that Nintendo's competition is no longer just the PlayStation 4 or the Xbox One. Nintendo's competition now includes Angry Birds, Candy Crush and Puzzle & Dragons.",
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      "text": "Suite 2136, 21st Floor, The Center, 99 Queen's Road Central, Central, Hong Kong Tel: +852 2847 7700 Fax: +852 2868 3155",
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      "text": "We think that you realize, as we do, that Nintendo's competition is no longer just the PlayStation 4 or the Xbox One. Nintendo's competition now includes Angry Birds, Candy Crush and Puzzle & Dragons. Today there are 1.5 billion smartphones in the world, and that number is growing at a rate of 31% per year. Today there are 300 million tablets in the world and that number is growing at a rate of 70% per year. With these increasingly powerful products, a very large (and increasing) percentage of the population are, as you know, holding a gaming tool in their hands at all times. I believe that Nintendo can powerfully tap into that population. At current growth rates, 3 billion people could potentially become Nintendo gamers.",
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      "text": "We believe that Nintendo will continue to make unique and innovative games. History is no guarantee of future results, but we think that Nintendo's history is a very good guide for what can lie ahead.",
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      "text": "We are fans of Nintendo's history of innovation... Nintendo possesses cultural icons on par with Mickey Mouse and Superman.",
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      "text": "These are customers who do not currently have a 3DS and/or do not want to use the extraordinarily \"expensive\" real-estate of their pockets to carry a 3DS around. When a customer walks into an electronics shop, she has the option of buying a 3DS XL at $199 or",
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      "text": "June 11, 2013. Mr. Satoru Iwata, President and CEO, Nintendo Co., Ltd. ... Dear Mr. Iwata, Oasis is a private investment fund management company, and through entities that it manages, is a shareholder of Nintendo.",
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