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The Indicator from Planet Money

The secret to Nintendo's success (Encore)

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 26 December 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

For the next week, we're running some of our favorite shows from this year. On today's show, a brief history of Nintendo and how a small playing card company in Japan became a gaming juggernaut. 

This piece originally aired June 16, 2025.

Related episodes:  
Inside video game economics  
Forever games: the economics of the live service model 
The boom and bust of esports 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  

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Transcript

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0:00.0

Hey, everyone. Hope you're having a great holiday break. For the next week, we are running some of our favorite shows from this year.

0:07.0

Today's episode is about how Nintendo became a gaming juggernaut.

0:12.0

NPR.

0:27.4

In the world of consumer electronics, being number one is usually an advantage.

0:32.8

Like, if your product has the newest tech, the most features, the fastest processors,

0:35.8

chances are people will line up to buy it.

0:39.3

Sometimes, though, it pays not to be number one. Take Nintendo.

0:40.9

Earlier this month, it released its latest console, the Switch 2.

0:44.7

Now, as a piece of video game machinery,

0:47.0

the new Switch is nowhere near as powerful as its competitors,

0:50.7

like the Sony PlayStation or the Microsoft Xbox.

0:54.1

And yet, when the Switch 2 was released a little over a week ago, competitors like the Sony PlayStation or the Microsoft Xbox.

0:57.8

And yet, when the Switch 2 was released a little over a week ago, gamers in New York camped out on the sidewalk outside a Nintendo store for hours, just to snag one.

1:08.0

She's been here since 1230.

1:10.6

Oh my God. So much longer than I thought. She's been here since 1230. Oh my God.

1:12.1

So much longer than I thought.

1:13.9

I've been here for now 18 days.

1:16.8

And me and my buddy, Chris and or Chicken Dog, have been planning this for two years.

1:22.2

Chicken Dog is such a great name.

1:24.4

Anyway, despite the hype around this new product, today's episode is not about the Switch 2,

1:30.6

because we think that the story of Nintendo itself is a lot more interesting.

1:35.5

This is the indicator for Planet Money.

...

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