Nintendo on mobile ‘is an earthquake that will change the entire games industry’

Nintendo caved.

Early this morning, publisher made the surprise announcement that it is partnering with mobile gaming company DeNA to produce original apps for smartphones and tablets. These games will bring Nintendo brands and characters to new platforms. This is huge news, and it is already having ramifications. The company’s stock price is up big today as Wall Street celebrates Nintendo finally embracing mobile-gaming market — which could hit $30 billion this year, according to research firm Newzoo.